Based Coin vs Non-Playable Coin

Non-Playable Coin (NPC) is 687.7× the size of Based Coin (BASED) by market capitalisation. Over the past 30 days, BASED is ahead by 8.5 percentage points (BASED -7.3% against NPC -15.8%). Their daily returns move loosely in opposite directions (correlation -0.37 across 23 shared trading days). Both have run at a similar volatility, around 163% annualised.

Correlation: -0.37
Size ratio: 1 : 687.7
Ahead over 30 days: BASED

Based CoinBASED

$3.430e-6

24h: +5.07%
Market cap: $207,007
Volume 24h: $120
Volatility (ann.): 164%

Non-Playable CoinNPC

$0.017684

24h: +16.43%
Market cap: $142.36M
Volume 24h: $2.52M
Volatility (ann.): 162%

BASED 0.1%Share of the two combined market caps99.9% NPC

Performance

BASEDNPC

7 days-30.67%+3.65%NPC
30 days-7.28%-15.77%BASED

Correlation

-0.37over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	BASED	NPC
Max drawdown (400d)	-39.5%	-34.4%
Risk-adjusted return (90d)	0.01	1.52

Relative strength over 90 days: NPC outperformed BASED by 1.3% — measured on the BASED/NPC ratio, so it holds regardless of market direction.

Based Coin →Non-Playable Coin →