Argentine Football Association Fan Token vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 23.7× the size of Argentine Football Association Fan Token (ARG) by market capitalisation. Over the past 30 days, VATRENI is ahead by 2.5 percentage points (ARG -11.4% against VATRENI -8.9%). Their daily returns move loosely together (correlation 0.42 across 29 shared trading days). VATRENI has been the more volatile of the two, at 73% annualised against ARG's 31%.

Correlation: 0.42
Size ratio: 1 : 23.7
Ahead over 30 days: VATRENI

Argentine Football Association Fan TokenARG

$0.053536

24h: +0.92%
Market cap: $1.01M
Volume 24h: $98,142
Volatility (ann.): 31%

Croatian Football Federation TokenVATRENI

$1.3600

24h: +3.39%
Market cap: $23.88M
Volume 24h: $2,966
Volatility (ann.): 73%

ARG 4.0%Share of the two combined market caps96.0% VATRENI

Performance

ARGVATRENI

7 days+1.02%-8.28%ARG
30 days-11.35%-8.90%VATRENI

Correlation

0.42over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ARG	VATRENI
Max drawdown (400d)	-15.1%	-25.7%
Risk-adjusted return (90d)	-0.37	-0.22

Relative strength over 90 days: VATRENI outperformed ARG by 22.7% — measured on the ARG/VATRENI ratio, so it holds regardless of market direction.

Argentine Football Association Fan Token →Croatian Football Federation Token →