FIRE vs Degen

Degen (DEGEN) is 383.7× the size of FIRE (FIRE) by market capitalisation. Over the past 30 days, DEGEN is ahead by 78.1 percentage points (FIRE -95.9% against DEGEN -17.8%). Their daily returns move barely together (correlation 0.13 across 31 shared trading days). FIRE has been the more volatile of the two, at 474% annualised against DEGEN's 78%.

Correlation: 0.13
Size ratio: 1 : 383.7
Ahead over 30 days: DEGEN

FIREFIRE

$8.152e-5

24h: -4.05%
Market cap: $80,512
Volume 24h: $950
Volatility (ann.): 474%

DegenDEGEN

$0.000860

24h: +2.18%
Market cap: $30.89M
Volume 24h: $3.00M
Volatility (ann.): 78%

FIRE 0.3%Share of the two combined market caps99.7% DEGEN

Performance

FIREDEGEN

7 days-65.74%-7.09%DEGEN
30 days-95.87%-17.76%DEGEN

Correlation

0.13over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	FIRE	DEGEN
Max drawdown (400d)	-98.2%	-26.2%
Risk-adjusted return (90d)	-0.21	-0.22

Relative strength over 90 days: DEGEN outperformed FIRE by 97.9% — measured on the FIRE/DEGEN ratio, so it holds regardless of market direction.

FIRE →Degen →