Atletico Madrid Fan Token (ATM) is 2.1× the size of Lazio Fan Token (LAZIO) by market capitalisation. Over the past 1 year, ATM is ahead by 41.4 percentage points (LAZIO -56.3% against ATM -14.8%). Their daily returns move barely together (correlation 0.32 across 399 shared trading days). ATM has been the more volatile of the two, at 98% annualised against LAZIO's 59%.
$0.859000
LAZIOATM
0.32over 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 | LAZIO | ATM |
|---|---|---|
| Max drawdown (400d) | -71.7% | -69.8% |
| Risk-adjusted return (90d) | 0.01 | -0.70 |
| Best 30 days (past year) | +44.1% | +202.1% |
| Worst 30 days (past year) | -31.2% | -50.8% |
Relative strength over 90 days: LAZIO outperformed ATM by 86.2% — measured on the LAZIO/ATM ratio, so it holds regardless of market direction.