Fartcoin (FARTCOIN) is 19483.1× the size of Meme Sweep (SWEEP) by market capitalisation. Their daily returns move closely together (correlation 0.69 across 30 shared trading days). SWEEP has been the more volatile of the two, at 322% annualised against FARTCOIN's 155%.
SWEEPFARTCOIN
0.69over 30 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 | SWEEP | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -97.7% | -46.0% |
| Risk-adjusted return (90d) | -0.29 | -0.08 |
Relative strength over 90 days: FARTCOIN outperformed SWEEP by 72.9% — measured on the SWEEP/FARTCOIN ratio, so it holds regardless of market direction.