Fartcoin (FARTCOIN) is 3168.2× the size of FLIP (FLIP) by market capitalisation. Their daily returns move closely together (correlation 0.64 across 33 shared trading days). FLIP has been the more volatile of the two, at 251% annualised against FARTCOIN's 155%.
FLIPFARTCOIN
0.64over 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 | FLIP | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -86.3% | -46.0% |
| Risk-adjusted return (90d) | -0.39 | -0.08 |
Relative strength over 90 days: FARTCOIN outperformed FLIP by 23.9% — measured on the FLIP/FARTCOIN ratio, so it holds regardless of market direction.