Non-Playable Coin (NPC) is 24152.5× the size of BASED SNEK (SNEK) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 25 shared trading days). SNEK has been the more volatile of the two, at 203% annualised against NPC's 162%.
SNEKNPC
0.61over 25 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 | SNEK | NPC |
|---|---|---|
| Max drawdown (400d) | -95.2% | -34.4% |
| Risk-adjusted return (90d) | -0.12 | 1.52 |
Relative strength over 90 days: NPC outperformed SNEK by 60.5% — measured on the SNEK/NPC ratio, so it holds regardless of market direction.