Grass (GRASS) is 2403.0× the size of Fireverse (FIR) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 35 shared trading days). Both have run at a similar volatility, around 204% annualised.
FIRGRASS
0.61over 35 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 | FIR | GRASS |
|---|---|---|
| Max drawdown (400d) | -99.5% | -25.3% |
| Risk-adjusted return (90d) | -0.38 | 0.36 |
Relative strength over 90 days: GRASS outperformed FIR by 42.4% — measured on the FIR/GRASS ratio, so it holds regardless of market direction.