Fartcoin (FARTCOIN) is 721.7× the size of Dinky (DINKY) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 20 shared trading days). DINKY has been the more volatile of the two, at 37177% annualised against FARTCOIN's 155%.
DINKYFARTCOIN
-0.20over 20 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 | DINKY | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -98.8% | -46.0% |
| Risk-adjusted return (90d) | 0.15 | -0.08 |
Relative strength over 90 days: DINKY outperformed FARTCOIN by 21.1% — measured on the DINKY/FARTCOIN ratio, so it holds regardless of market direction.