Manchester City Fan Token vs Paris Saint-Germain Fan Token

Paris Saint-Germain Fan Token (PSG) is 1.6× the size of Manchester City Fan Token (CITY) by market capitalisation. Over the past 1 year, CITY is ahead by 5.4 percentage points (CITY -59.0% against PSG -64.4%). Their daily returns move loosely together (correlation 0.56 across 399 shared trading days). Both have run at a similar volatility, around 63% annualised.

Correlation: 0.56
Size ratio: 1 : 1.6
Ahead over 1 year: CITY

Manchester City Fan TokenCITY

$0.262000

24h: +1.30%
Market cap: $5.02M
Volume 24h: $326,921
Volatility (ann.): 61%

Paris Saint-Germain Fan TokenPSG

$0.375000

24h: +0.19%
Market cap: $8.09M
Volume 24h: $250,089
Volatility (ann.): 65%

CITY 38.3%Share of the two combined market caps61.7% PSG

Performance

CITYPSG

7 days-8.39%-10.14%CITY
30 days-25.78%-19.31%PSG
90 days-29.00%-26.92%PSG
1 year-59.00%-64.44%CITY

Correlation

0.56over 399 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8390d: 0.741y: 0.46

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.

Risk & extremes

Metric	CITY	PSG
Max drawdown (400d)	-74.3%	-76.8%
Risk-adjusted return (90d)	-0.89	-0.91
Best 30 days (past year)	+44.2%	+44.0%
Worst 30 days (past year)	-39.3%	-51.5%

Relative strength over 90 days: PSG outperformed CITY by 2.9% — measured on the CITY/PSG ratio, so it holds regardless of market direction.

Manchester City Fan Token →Paris Saint-Germain Fan Token →