Bag on Bonk vs Fartcoin

Fartcoin (FARTCOIN) is 371.5× the size of Bag on Bonk (BAG) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 25.5 percentage points (BAG -42.2% against FARTCOIN -16.8%). Their daily returns move barely together (correlation 0.30 across 29 shared trading days). BAG has been the more volatile of the two, at 210% annualised against FARTCOIN's 156%.

Correlation: 0.30
Size ratio: 1 : 371.5
Ahead over 30 days: FARTCOIN

Bag on BonkBAG

$0.000331

24h: -1.43%
Market cap: $331,147
Volume 24h: $116
Volatility (ann.): 210%

FartcoinFARTCOIN

$0.123005

24h: +6.90%
Market cap: $123.00M
Volume 24h: $12.05M
Volatility (ann.): 156%

BAG 0.3%Share of the two combined market caps99.7% FARTCOIN

Performance

BAGFARTCOIN

7 days-9.21%-8.30%FARTCOIN
30 days-42.22%-16.75%FARTCOIN

Correlation

0.30over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	BAG	FARTCOIN
Max drawdown (400d)	-65.3%	-46.0%
Risk-adjusted return (90d)	-0.21	-0.11

Relative strength over 90 days: FARTCOIN outperformed BAG by 16.3% — measured on the BAG/FARTCOIN ratio, so it holds regardless of market direction.

Bag on Bonk →Fartcoin →