OG Fan Token (OG) is 39.0× the size of Flamengo Fan Token (MENGO) by market capitalisation. Over the past 1 year, MENGO is ahead by 0.3 percentage points (MENGO -82.5% against OG -82.9%). Their daily returns move barely together (correlation 0.14 across 362 shared trading days). OG has been the more volatile of the two, at 102% annualised against MENGO's 75%.
MENGOOG
0.14over 362 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 | MENGO | OG |
|---|---|---|
| Max drawdown (400d) | -86.7% | -88.1% |
| Risk-adjusted return (90d) | -0.22 | -0.26 |
| Best 30 days (past year) | — | +51.5% |
| Worst 30 days (past year) | — | -74.5% |
Relative strength over 90 days: OG outperformed MENGO by 28.1% — measured on the MENGO/OG ratio, so it holds regardless of market direction.