Phoenix vs Grass

Grass (GRASS) is 1223.8× the size of Phoenix (PHB) by market capitalisation. Over the past 30 days, GRASS is ahead by 123.7 percentage points (PHB -45.5% against GRASS +78.2%). Their daily returns move barely together (correlation 0.30 across 22 shared trading days). PHB has been the more volatile of the two, at 676% annualised against GRASS's 212%.

Correlation: 0.30
Size ratio: 1 : 1223.8
Ahead over 30 days: GRASS

PhoenixPHB

$0.005094

24h: —
Market cap: $336,045
Volume 24h: —
Volatility (ann.): 676%

GrassGRASS

$0.569610

24h: -2.49%
Market cap: $411.24M
Volume 24h: $19.43M
Volatility (ann.): 212%

PHB 0.1%Share of the two combined market caps99.9% GRASS

Performance

PHBGRASS

7 days-16.65%-15.26%GRASS
30 days-45.47%+78.19%GRASS

Correlation

0.30over 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	PHB	GRASS
Max drawdown (400d)	-77.2%	-25.3%
Risk-adjusted return (90d)	-0.05	0.36

Relative strength over 90 days: GRASS outperformed PHB by 30.2% — measured on the PHB/GRASS ratio, so it holds regardless of market direction.

Phoenix →Grass →