GameonForge (GO4) and The Sandbox (SAND) compared side by side. Over the past 1 year, GO4 is ahead by 31.7 percentage points (GO4 -43.2% against SAND -74.8%). Their daily returns move barely together (correlation 0.04 across 364 shared trading days). GO4 has been the more volatile of the two, at 174% annualised against SAND's 103%.
GO4SAND
0.04over 364 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 | GO4 | SAND |
|---|---|---|
| Max drawdown (400d) | -86.1% | -88.4% |
| Risk-adjusted return (90d) | -0.42 | 0.07 |
| Best 30 days (past year) | — | +94.1% |
| Worst 30 days (past year) | — | -48.8% |
Relative strength over 90 days: SAND outperformed GO4 by 76.5% — measured on the GO4/SAND ratio, so it holds regardless of market direction.