The Sandbox (SAND) is 1116.7× the size of Museum of Crypto Art (MOCA) by market capitalisation. Over the past 1 year, MOCA is ahead by 29.2 percentage points (MOCA -44.7% against SAND -73.9%). Their daily returns move barely together (correlation 0.32 across 373 shared trading days). MOCA has been the more volatile of the two, at 315% annualised against SAND's 103%.
MOCASAND
0.32over 373 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 | MOCA | SAND |
|---|---|---|
| Max drawdown (400d) | -90.8% | -88.4% |
| Risk-adjusted return (90d) | 0.62 | 0.07 |
| Best 30 days (past year) | +395.9% | +94.1% |
| Worst 30 days (past year) | -61.3% | -48.8% |
Relative strength over 90 days: MOCA outperformed SAND by 417.5% — measured on the MOCA/SAND ratio, so it holds regardless of market direction.