FORT Token (FRT) is 6.2× the size of 99 Bitcoins (99BTC) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 23 shared trading days). FRT has been the more volatile of the two, at 177% annualised against 99BTC's 131%.
99BTCFRT
0.47over 23 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | 99BTC | FRT |
|---|---|---|
| Max drawdown (400d) | -82.5% | -70.1% |
| Risk-adjusted return (90d) | -0.29 | -0.39 |
Relative strength over 90 days: 99BTC outperformed FRT by 225.0% — measured on the 99BTC/FRT ratio, so it holds regardless of market direction.