The Sandbox (SAND) is 108.4× the size of Katana Inu (KATA) by market capitalisation. Over the past 1 year, KATA is ahead by 2.0 percentage points (KATA -72.8% against SAND -74.8%). Their daily returns move barely together (correlation 0.30 across 373 shared trading days). KATA has been the more volatile of the two, at 188% annualised against SAND's 103%.
KATASAND
0.30over 373 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 | KATA | SAND |
|---|---|---|
| Max drawdown (400d) | -88.8% | -88.4% |
| Risk-adjusted return (90d) | 0.34 | 0.07 |
| Best 30 days (past year) | +135.3% | +94.1% |
| Worst 30 days (past year) | -55.5% | -48.8% |
Relative strength over 90 days: KATA outperformed SAND by 111.3% — measured on the KATA/SAND ratio, so it holds regardless of market direction.