Hamster Kombat (HMSTR) is 19.8× the size of GAME•OF•BITCOIN (GAMES) by market capitalisation. Over the past 1 year, GAMES is ahead by 31.4 percentage points (GAMES -34.6% against HMSTR -66.0%). Their daily returns move barely together (correlation 0.01 across 363 shared trading days). GAMES has been the more volatile of the two, at 156% annualised against HMSTR's 135%.
GAMESHMSTR
0.01over 363 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 | GAMES | HMSTR |
|---|---|---|
| Max drawdown (400d) | -82.8% | -80.5% |
| Risk-adjusted return (90d) | -0.49 | -0.44 |
| Best 30 days (past year) | — | +121.8% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: HMSTR outperformed GAMES by 80.6% — measured on the GAMES/HMSTR ratio, so it holds regardless of market direction.