This is very typical. If you check out the overall average ratings for Blitz - Live versus Standard - Turn-based, you see 1187 versus 1390 - a more that 200 point difference. Ratings only indicate relative performance at the mode specified amongst the pool of players playing that mode.
difference in ratings
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No, it doesn't say much of anything, actually. At least not in my view of things.
More relevant would be the following test: what is my rating relative to the average rating in Turn-Based? what is my rating relative to the average rating in Live - Blitz? The answers to those questions tell you a lot more than comparing the two ratings (i.e., Blitz versus Turn-Based).
I have a quick question,
There is something that puzzles me about my ratings. In correspondence chess, my rating is roughly 1450, but in live chess with a 10 min cap, my rating is only around 1200, a whole 250 less. Why the difference? Am i just not as capable of thinking quickly?