Fair and Free vs BUILDon

BUILDon (B) is 166.3× the size of Fair and Free (FAIR3) by market capitalisation. Over the past 30 days, FAIR3 is ahead by 29.8 percentage points (FAIR3 -1.5% against B -31.3%). Their daily returns move barely together (correlation 0.32 across 22 shared trading days). FAIR3 has been the more volatile of the two, at 399% annualised against B's 137%.

Correlation: 0.32
Size ratio: 1 : 166.3
Ahead over 30 days: FAIR3

Fair and FreeFAIR3

$0.000820

24h: +3.88%
Market cap: $767,468
Volume 24h: $1,731
Volatility (ann.): 399%

BUILDonB

$0.127668

24h: -3.19%
Market cap: $127.67M
Volume 24h: $3.87M
Volatility (ann.): 137%

FAIR3 0.6%Share of the two combined market caps99.4% B

Performance

FAIR3B

7 days-34.72%-3.78%B
30 days-1.52%-31.28%FAIR3

Correlation

0.32over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	FAIR3	B
Max drawdown (400d)	-44.9%	-50.5%
Risk-adjusted return (90d)	0.13	-0.10

Relative strength over 90 days: FAIR3 outperformed B by 59.1% — measured on the FAIR3/B ratio, so it holds regardless of market direction.

Fair and Free →BUILDon →