OG Fan Token (OG) is 333.6× the size of Alanyaspor Fan Token (ALA) by market capitalisation. Over the past 1 year, ALA is ahead by 54.6 percentage points (ALA -28.2% against OG -82.9%). Their daily returns move barely together (correlation 0.08 across 362 shared trading days). Both have run at a similar volatility, around 101% annualised.
ALAOG
0.08over 362 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 | ALA | OG |
|---|---|---|
| Max drawdown (400d) | -61.8% | -88.1% |
| Risk-adjusted return (90d) | -0.22 | -0.26 |
| Best 30 days (past year) | — | +51.5% |
| Worst 30 days (past year) | — | -74.5% |
Relative strength over 90 days: OG outperformed ALA by 41.8% — measured on the ALA/OG ratio, so it holds regardless of market direction.