The Sandbox (SAND) is 227.6× the size of CryptoZoon (ZOON) by market capitalisation. Over the past 1 year, ZOON is ahead by 95.6 percentage points (ZOON +20.7% against SAND -74.8%). Their daily returns move barely together (correlation 0.00 across 373 shared trading days). ZOON has been the more volatile of the two, at 120% annualised against SAND's 103%.
ZOONSAND
0.00over 373 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 | ZOON | SAND |
|---|---|---|
| Max drawdown (400d) | -56.8% | -88.4% |
| Risk-adjusted return (90d) | -0.33 | 0.07 |
| Best 30 days (past year) | +83.5% | +94.1% |
| Worst 30 days (past year) | -48.5% | -48.8% |
Relative strength over 90 days: SAND outperformed ZOON by 16.9% — measured on the ZOON/SAND ratio, so it holds regardless of market direction.