Opanarchy vs Geodnet

Geodnet (GEOD) is 1326.6× the size of Opanarchy (OPAN) by market capitalisation. Over the past 30 days, GEOD is ahead by 36.5 percentage points (OPAN -26.8% against GEOD +9.6%). Their daily returns move barely together (correlation 0.18 across 22 shared trading days). OPAN has been the more volatile of the two, at 161% annualised against GEOD's 74%.

Correlation: 0.18
Size ratio: 1 : 1326.6
Ahead over 30 days: GEOD

OpanarchyOPAN

$0.000133

24h: +3.57%
Market cap: $133,442
Volume 24h: $120
Volatility (ann.): 161%

GeodnetGEOD

$0.237407

24h: +1.23%
Market cap: $177.03M
Volume 24h: $1.21M
Volatility (ann.): 74%

OPAN 0.1%Share of the two combined market caps99.9% GEOD

Performance

OPANGEOD

7 days-0.90%-8.30%OPAN
30 days-26.85%+9.61%GEOD

Correlation

0.18over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	OPAN	GEOD
Max drawdown (400d)	-48.5%	-18.1%
Risk-adjusted return (90d)	-0.24	0.18

Relative strength over 90 days: GEOD outperformed OPAN by 14.2% — measured on the OPAN/GEOD ratio, so it holds regardless of market direction.

Opanarchy →Geodnet →