Fartcoin (FARTCOIN) is 2349.5× the size of DollarMoon (DMOON) by market capitalisation. Their daily returns move closely together (correlation 0.82 across 23 shared trading days). Both have run at a similar volatility, around 164% annualised.
DMOONFARTCOIN
0.82over 23 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 | DMOON | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -86.8% | -46.0% |
| Risk-adjusted return (90d) | -0.71 | -0.08 |
Relative strength over 90 days: DMOON outperformed FARTCOIN by 35.4% — measured on the DMOON/FARTCOIN ratio, so it holds regardless of market direction.