Fartcoin (FARTCOIN) is 5723.0× the size of CHEXBACCA (CHEXBACCA) by market capitalisation. Their daily returns move closely together (correlation 0.83 across 42 shared trading days). Both have run at a similar volatility, around 148% annualised.
CHEXBACCAFARTCOIN
0.83over 42 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 | CHEXBACCA | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -67.3% | -46.0% |
| Risk-adjusted return (90d) | -0.03 | -0.08 |
Relative strength over 90 days: CHEXBACCA outperformed FARTCOIN by 23.9% — measured on the CHEXBACCA/FARTCOIN ratio, so it holds regardless of market direction.