Fartcoin (FARTCOIN) is 811.3× the size of Axis (MAXIS) by market capitalisation. Over the past 30 days, MAXIS is ahead by 6.5 percentage points (MAXIS -15.6% against FARTCOIN -22.1%). Their daily returns move loosely together (correlation 0.37 across 24 shared trading days). Both have run at a similar volatility, around 158% annualised.
MAXISFARTCOIN
0.37over 24 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 | MAXIS | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -39.9% | -47.4% |
| Risk-adjusted return (90d) | -0.04 | -0.13 |
Relative strength over 90 days: MAXIS outperformed FARTCOIN by 65.2% — measured on the MAXIS/FARTCOIN ratio, so it holds regardless of market direction.