Fartcoin (FARTCOIN) is 4200.1× the size of NEEGY (NEEGY) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 51.5 percentage points (NEEGY -63.4% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.11 across 23 shared trading days). Both have run at a similar volatility, around 150% annualised.
NEEGYFARTCOIN
0.11over 23 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 | NEEGY | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -69.7% | -46.0% |
| Risk-adjusted return (90d) | -0.47 | -0.08 |
Relative strength over 90 days: FARTCOIN outperformed NEEGY by 42.5% — measured on the NEEGY/FARTCOIN ratio, so it holds regardless of market direction.