Codatta vs Grass

Grass (GRASS) is 19.7× the size of Codatta (XNY) by market capitalisation. Over the past 30 days, GRASS is ahead by 93.2 percentage points (XNY -15.0% against GRASS +78.2%). Their daily returns move loosely together (correlation 0.45 across 34 shared trading days). GRASS has been the more volatile of the two, at 212% annualised against XNY's 110%.

Correlation: 0.45
Size ratio: 1 : 19.7
Ahead over 30 days: GRASS

CodattaXNY

$0.005652

24h: +0.01%
Market cap: $20.55M
Volume 24h: $249,342
Volatility (ann.): 110%

GrassGRASS

$0.560383

24h: -6.96%
Market cap: $404.74M
Volume 24h: $15.66M
Volatility (ann.): 212%

XNY 4.8%Share of the two combined market caps95.2% GRASS

Performance

XNYGRASS

7 days-22.67%-15.26%GRASS
30 days-14.97%+78.19%GRASS

Correlation

0.45over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	XNY	GRASS
Max drawdown (400d)	-25.2%	-25.3%
Risk-adjusted return (90d)	-0.16	0.36

Relative strength over 90 days: GRASS outperformed XNY by 48.5% — measured on the XNY/GRASS ratio, so it holds regardless of market direction.

Codatta →Grass →