Santos FC Fan Token (SANTOS) is 1.6× the size of Juventus Fan Token (JUV) by market capitalisation. Over the past 1 year, JUV is ahead by 0.0 percentage points (JUV -66.5% against SANTOS -66.5%). Their daily returns move loosely together (correlation 0.49 across 399 shared trading days). SANTOS has been the more volatile of the two, at 82% annualised against JUV's 52%.
JUVSANTOS
0.49over 399 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 | JUV | SANTOS |
|---|---|---|
| Max drawdown (400d) | -77.9% | -83.8% |
| Risk-adjusted return (90d) | -0.49 | -0.24 |
| Best 30 days (past year) | +17.4% | +66.2% |
| Worst 30 days (past year) | -34.5% | -51.3% |
Relative strength over 90 days: SANTOS outperformed JUV by 5.2% — measured on the JUV/SANTOS ratio, so it holds regardless of market direction.