Degen (DEGEN) is 1030.1× the size of NAINCY (NAINCY) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 31 shared trading days). NAINCY has been the more volatile of the two, at 111% annualised against DEGEN's 79%.
NAINCYDEGEN
0.43over 31 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 | NAINCY | DEGEN |
|---|---|---|
| Max drawdown (400d) | -51.4% | -29.2% |
| Risk-adjusted return (90d) | -0.29 | -0.28 |
Relative strength over 90 days: DEGEN outperformed NAINCY by 4.6% — measured on the NAINCY/DEGEN ratio, so it holds regardless of market direction.