The Sandbox (SAND) is 63.4× the size of BRN Metaverse (BRN) by market capitalisation. Over the past 1 year, BRN is ahead by 24.9 percentage points (BRN -49.9% against SAND -74.8%). Their daily returns move loosely together (correlation 0.47 across 372 shared trading days). SAND has been the more volatile of the two, at 103% annualised against BRN's 81%.
BRNSAND
0.47over 372 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 | BRN | SAND |
|---|---|---|
| Max drawdown (400d) | -54.4% | -88.4% |
| Risk-adjusted return (90d) | -0.07 | 0.07 |
| Best 30 days (past year) | +64.1% | +94.1% |
| Worst 30 days (past year) | -42.9% | -48.8% |
Relative strength over 90 days: BRN outperformed SAND by 0.9% — measured on the BRN/SAND ratio, so it holds regardless of market direction.