Shiba Inu (SHIB) is 184.3× the size of FART COIN (FRTC) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 33 shared trading days). SHIB has been the more volatile of the two, at 69% annualised against FRTC's 48%.
FRTCSHIB
0.46over 33 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 | FRTC | SHIB |
|---|---|---|
| Max drawdown (400d) | -13.9% | -68.0% |
| Risk-adjusted return (90d) | -0.26 | -0.08 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: SHIB outperformed FRTC by 2.5% — measured on the FRTC/SHIB ratio, so it holds regardless of market direction.