SoSoValue (SOSO) is 52.8× the size of OneFootball Credits (OFC) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 42 shared trading days). OFC has been the more volatile of the two, at 171% annualised against SOSO's 70%.
OFCSOSO
0.01over 42 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 | OFC | SOSO |
|---|---|---|
| Max drawdown (400d) | -92.1% | -11.6% |
| Risk-adjusted return (90d) | -0.34 | -0.01 |
Relative strength over 90 days: SOSO outperformed OFC by 36.8% — measured on the OFC/SOSO ratio, so it holds regardless of market direction.