Fartcoin (FARTCOIN) is 3840.2× the size of Just a Circle (CRCL) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 33 shared trading days). CRCL has been the more volatile of the two, at 185% annualised against FARTCOIN's 155%.
CRCLFARTCOIN
0.72over 33 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 | CRCL | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -61.9% | -46.0% |
| Risk-adjusted return (90d) | 0.35 | -0.08 |
Relative strength over 90 days: CRCL outperformed FARTCOIN by 11.3% — measured on the CRCL/FARTCOIN ratio, so it holds regardless of market direction.