Belgium Fan Token vs Galatasaray Fan Token

Galatasaray Fan Token (GAL) is 39.3× the size of Belgium Fan Token (BELG) by market capitalisation. Over the past 30 days, GAL is ahead by 7.5 percentage points (BELG -22.2% against GAL -14.7%). Their daily returns move barely together (correlation 0.29 across 28 shared trading days). BELG has been the more volatile of the two, at 49% annualised against GAL's 18%.

Correlation: 0.29
Size ratio: 1 : 39.3
Ahead over 30 days: GAL

Belgium Fan TokenBELG

$0.048094

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

Galatasaray Fan TokenGAL

$0.821715

24h: +2.20%
Market cap: $7.45M
Volume 24h: $481,333
Volatility (ann.): 18%

BELG 2.5%Share of the two combined market caps97.5% GAL

Performance

BELGGAL

7 days-8.89%-2.20%GAL
30 days-22.18%-14.73%GAL

Correlation

0.29over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	GAL
Max drawdown (400d)	-23.7%	-14.7%
Risk-adjusted return (90d)	-0.45	-0.82

Relative strength over 90 days: GAL outperformed BELG by 5.5% — measured on the BELG/GAL ratio, so it holds regardless of market direction.

Belgium Fan Token →Galatasaray Fan Token →