OG Fan Token (OG) is 3.5× the size of Alpine F1 Team Fan Token (ALPINE) by market capitalisation. Over the past 1 year, ALPINE is ahead by 29.7 percentage points (ALPINE -51.7% 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 ALPINE's 78%.
$0.308000
ALPINEOG
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 | ALPINE | OG |
|---|---|---|
| Max drawdown (400d) | -84.0% | -88.1% |
| Risk-adjusted return (90d) | -0.04 | -0.20 |
| Best 30 days (past year) | +25.5% | +51.5% |
| Worst 30 days (past year) | -37.4% | -74.5% |
Relative strength over 90 days: ALPINE outperformed OG by 6.9% — measured on the ALPINE/OG ratio, so it holds regardless of market direction.