The Sandbox (SAND) is 486.4× the size of Game Meteor Coin (GMTO) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.42 across 31 shared trading days). GMTO has been the more volatile of the two, at 214% annualised against SAND's 103%.
GMTOSAND
-0.42over 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 | GMTO | SAND |
|---|---|---|
| Max drawdown (400d) | -80.3% | -88.4% |
| Risk-adjusted return (90d) | -0.37 | 0.07 |
| Best 30 days (past year) | — | +94.1% |
| Worst 30 days (past year) | — | -48.8% |
Relative strength over 90 days: SAND outperformed GMTO by 89.6% — measured on the GMTO/SAND ratio, so it holds regardless of market direction.