The Sandbox (SAND) is 1.5× the size of GALA (GALA) by market capitalisation. Over the past 1 year, SAND is ahead by 6.1 percentage points (GALA -80.1% against SAND -73.9%). Their daily returns move closely together (correlation 0.75 across 399 shared trading days). Both have run at a similar volatility, around 100% annualised.
GALASAND
0.75over 399 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 | GALA | SAND |
|---|---|---|
| Max drawdown (400d) | -91.5% | -88.4% |
| Risk-adjusted return (90d) | -0.05 | 0.07 |
| Best 30 days (past year) | +53.8% | +94.1% |
| Worst 30 days (past year) | -48.8% | -48.8% |
Relative strength over 90 days: SAND outperformed GALA by 14.9% — measured on the GALA/SAND ratio, so it holds regardless of market direction.