Non-Playable Coin (NPC) is 8362.3× the size of Barry the badger (BARRY) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 35 shared trading days). BARRY has been the more volatile of the two, at 196% annualised against NPC's 162%.
BARRYNPC
0.25over 35 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 | BARRY | NPC |
|---|---|---|
| Max drawdown (400d) | -73.8% | -34.4% |
| Risk-adjusted return (90d) | -0.28 | 1.52 |
Relative strength over 90 days: NPC outperformed BARRY by 76.1% — measured on the BARRY/NPC ratio, so it holds regardless of market direction.