Faith Tribe (FTRB) is 3.0× the size of BugsCoin (BGSC) by market capitalisation. Over the past 1 year, FTRB is ahead by 78.5 percentage points (FTRB -9.3% against BGSC -87.8%). Their daily returns move barely together (correlation 0.17 across 372 shared trading days). BGSC has been the more volatile of the two, at 151% annualised against FTRB's 63%.
FTRBBGSC
0.17over 372 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 | FTRB | BGSC |
|---|---|---|
| Max drawdown (400d) | -60.7% | -91.4% |
| Risk-adjusted return (90d) | -0.08 | -0.39 |
| Best 30 days (past year) | +121.6% | +243.1% |
| Worst 30 days (past year) | -22.5% | -69.7% |
Relative strength over 90 days: FTRB outperformed BGSC by 46.2% — measured on the FTRB/BGSC ratio, so it holds regardless of market direction.