Fartcoin (FARTCOIN) is 2920.7× the size of HULVIN (HULVIN) by market capitalisation. Their daily returns move very closely together (correlation 0.92 across 28 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against HULVIN's 131%.
HULVINFARTCOIN
0.92over 28 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 | HULVIN | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -72.1% | -47.4% |
| Risk-adjusted return (90d) | 0.36 | -0.13 |
Relative strength over 90 days: HULVIN outperformed FARTCOIN by 22.6% — measured on the HULVIN/FARTCOIN ratio, so it holds regardless of market direction.