The Sandbox (SAND) is 6.8× the size of Capybobo (PYBOBO) by market capitalisation. Over the past 1 year, PYBOBO is ahead by 41.1 percentage points (PYBOBO -33.7% against SAND -74.8%). Their daily returns move barely in opposite directions (correlation -0.00 across 320 shared trading days). Both have run at a similar volatility, around 98% annualised.
PYBOBOSAND
-0.00over 320 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 | PYBOBO | SAND |
|---|---|---|
| Max drawdown (400d) | -63.1% | -88.4% |
| Risk-adjusted return (90d) | -0.45 | 0.07 |
| Best 30 days (past year) | — | +94.1% |
| Worst 30 days (past year) | — | -48.8% |
Relative strength over 90 days: SAND outperformed PYBOBO by 35.2% — measured on the PYBOBO/SAND ratio, so it holds regardless of market direction.