Ethereum (ETH) is 220966.9× the size of Olympique de Marseille Fan Token (OM) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 159 shared trading days). OM has been the more volatile of the two, at 125% annualised against ETH's 62%.
$0.066900
OMETH
0.62over 159 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 | OM | ETH |
|---|---|---|
| Max drawdown (400d) | -76.6% | -66.5% |
| Risk-adjusted return (90d) | -0.04 | 0.43 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: OM outperformed ETH by 37.4% — measured on the OM/ETH ratio, so it holds regardless of market direction.