OG Fan Token (OG) is 3.5× the size of AC Milan Fan Token (ACM) by market capitalisation. Over the past 1 year, ACM is ahead by 22.0 percentage points (ACM -59.4% against OG -81.5%). Their daily returns move barely together (correlation 0.29 across 399 shared trading days). OG has been the more volatile of the two, at 102% annualised against ACM's 51%.
ACMOG
0.29over 399 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 | ACM | OG |
|---|---|---|
| Max drawdown (400d) | -74.1% | -88.1% |
| Risk-adjusted return (90d) | -0.43 | -0.20 |
| Best 30 days (past year) | +17.3% | +51.5% |
| Worst 30 days (past year) | -34.1% | -74.5% |
Relative strength over 90 days: OG outperformed ACM by 8.0% — measured on the ACM/OG ratio, so it holds regardless of market direction.