The Sandbox (SAND) is 464.1× the size of Moonsama (SAMA) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 173 shared trading days). SAMA has been the more volatile of the two, at 139% annualised against SAND's 103%.
SAMASAND
0.34over 173 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 | SAMA | SAND |
|---|---|---|
| Max drawdown (400d) | -94.4% | -88.4% |
| Risk-adjusted return (90d) | -0.56 | 0.07 |
| Best 30 days (past year) | — | +94.1% |
| Worst 30 days (past year) | — | -48.8% |
Relative strength over 90 days: SAND outperformed SAMA by 59.6% — measured on the SAMA/SAND ratio, so it holds regardless of market direction.