Belgium Fan Token vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 126.9× the size of Belgium Fan Token (BELG) by market capitalisation. Over the past 30 days, VATRENI is ahead by 13.3 percentage points (BELG -22.2% against VATRENI -8.9%). Their daily returns move barely together (correlation 0.11 across 28 shared trading days). VATRENI has been the more volatile of the two, at 73% annualised against BELG's 49%.

Correlation: 0.11
Size ratio: 1 : 126.9
Ahead over 30 days: VATRENI

Belgium Fan TokenBELG

$0.048094

24h: +1.05%
Market cap: $189,666
Volume 24h: $158,823
Volatility (ann.): 49%

Croatian Football Federation TokenVATRENI

$1.3700

24h: +4.91%
Market cap: $24.06M
Volume 24h: $3,167
Volatility (ann.): 73%

BELG 0.8%Share of the two combined market caps99.2% VATRENI

Performance

BELGVATRENI

7 days-8.89%-8.28%VATRENI
30 days-22.18%-8.90%VATRENI

Correlation

0.11over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	BELG	VATRENI
Max drawdown (400d)	-23.7%	-25.7%
Risk-adjusted return (90d)	-0.45	-0.22

Relative strength over 90 days: VATRENI outperformed BELG by 32.0% — measured on the BELG/VATRENI ratio, so it holds regardless of market direction.

Belgium Fan Token →Croatian Football Federation Token →