OG Fan Token (OG) is 2787.8× the size of Brazil National Football Team Fan Token (BFT) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 31 shared trading days). Both have run at a similar volatility, around 106% annualised.
$0.000169
BFTOG
0.34over 31 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 | BFT | OG |
|---|---|---|
| Max drawdown (400d) | -19.3% | -88.9% |
| Risk-adjusted return (90d) | 0.10 | -0.42 |
| Best 30 days (past year) | — | +51.5% |
| Worst 30 days (past year) | — | -74.5% |
Relative strength over 90 days: BFT outperformed OG by 13.9% — measured on the BFT/OG ratio, so it holds regardless of market direction.