BUILDon (B) is 1.1× the size of Fartcoin (FARTCOIN) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 26.8 percentage points (B -38.7% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.20 across 58 shared trading days). Both have run at a similar volatility, around 146% annualised.
BFARTCOIN
0.20over 58 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 | B | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -50.5% | -46.0% |
| Risk-adjusted return (90d) | -0.08 | -0.08 |
Relative strength over 90 days: B outperformed FARTCOIN by 2.4% — measured on the B/FARTCOIN ratio, so it holds regardless of market direction.