BabyBoomToken (BBT) is 99.4× the size of GAG Token (GAG) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 31 shared trading days). BBT has been the more volatile of the two, at 164% annualised against GAG's 89%.
GAGBBT
0.14over 31 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 | GAG | BBT |
|---|---|---|
| Max drawdown (400d) | -56.9% | -41.3% |
| Risk-adjusted return (90d) | 0.64 | -0.23 |
Relative strength over 90 days: GAG outperformed BBT by 117.8% — measured on the GAG/BBT ratio, so it holds regardless of market direction.