Federal Oil Fund vs Fartcoin

Fartcoin (FARTCOIN) is 5162.1× the size of Federal Oil Fund (FOF) by market capitalisation. Over the past 30 days, FOF is ahead by 180.2 percentage points (FOF +168.3% against FARTCOIN -11.9%). Their daily returns move loosely in opposite directions (correlation -0.39 across 21 shared trading days). FOF has been the more volatile of the two, at 341% annualised against FARTCOIN's 155%.

Correlation: -0.39
Size ratio: 1 : 5162.1
Ahead over 30 days: FOF

Federal Oil FundFOF

$2.172e-5

24h: +12.00%
Market cap: $21,712
Volume 24h: $677
Volatility (ann.): 341%

FartcoinFARTCOIN

$0.112089

24h: -13.15%
Market cap: $112.08M
Volume 24h: $13.37M
Volatility (ann.): 155%

FOF 0.0%Share of the two combined market caps100.0% FARTCOIN

Performance

FOFFARTCOIN

7 days+70.78%-6.26%FOF
30 days+168.33%-11.87%FOF

Correlation

-0.39over 21 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	FOF	FARTCOIN
Max drawdown (400d)	-21.1%	-46.0%
Risk-adjusted return (90d)	0.49	-0.08

Relative strength over 90 days: FOF outperformed FARTCOIN by 252.1% — measured on the FOF/FARTCOIN ratio, so it holds regardless of market direction.

Federal Oil Fund →Fartcoin →