Fartcoin (FARTCOIN) is 5198.9× the size of DragonCoin (DRAGON) by market capitalisation. Their daily returns move very closely together (correlation 0.88 across 31 shared trading days). DRAGON has been the more volatile of the two, at 201% annualised against FARTCOIN's 155%.
DRAGONFARTCOIN
0.88over 31 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 | DRAGON | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -50.6% | -47.4% |
| Risk-adjusted return (90d) | 0.06 | -0.13 |
Relative strength over 90 days: DRAGON outperformed FARTCOIN by 34.4% — measured on the DRAGON/FARTCOIN ratio, so it holds regardless of market direction.