The Sandbox (SAND) is 247.8× the size of BLOCKLORDS (LRDS) by market capitalisation. Over the past 1 year, SAND is ahead by 17.0 percentage points (LRDS -91.8% against SAND -74.8%). Their daily returns move barely together (correlation 0.25 across 371 shared trading days). LRDS has been the more volatile of the two, at 160% annualised against SAND's 103%.
LRDSSAND
0.25over 371 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 | LRDS | SAND |
|---|---|---|
| Max drawdown (400d) | -91.8% | -88.4% |
| Risk-adjusted return (90d) | -0.46 | 0.07 |
| Best 30 days (past year) | +112.9% | +94.1% |
| Worst 30 days (past year) | -57.2% | -48.8% |
Relative strength over 90 days: SAND outperformed LRDS by 45.3% — measured on the LRDS/SAND ratio, so it holds regardless of market direction.