OG Fan Token (OG) is 2.7× the size of Manchester City Fan Token (CITY) by market capitalisation. Over the past 1 year, CITY is ahead by 22.5 percentage points (CITY -59.0% against OG -81.5%). Their daily returns move barely together (correlation 0.28 across 399 shared trading days). OG has been the more volatile of the two, at 102% annualised against CITY's 61%.
$0.262000
CITYOG
0.28over 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 | CITY | OG |
|---|---|---|
| Max drawdown (400d) | -74.3% | -88.1% |
| Risk-adjusted return (90d) | -0.89 | -0.20 |
| Best 30 days (past year) | +44.2% | +51.5% |
| Worst 30 days (past year) | -39.3% | -74.5% |
Relative strength over 90 days: OG outperformed CITY by 21.9% — measured on the CITY/OG ratio, so it holds regardless of market direction.