Fartcoin (FARTCOIN) is 32662.6× the size of LaunchTokenBot (CAPO) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 27 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against CAPO's 102%.
CAPOFARTCOIN
0.72over 27 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 | CAPO | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -74.7% | -46.0% |
| Risk-adjusted return (90d) | 0.01 | -0.08 |
Relative strength over 90 days: CAPO outperformed FARTCOIN by 23.2% — measured on the CAPO/FARTCOIN ratio, so it holds regardless of market direction.