The Sandbox (SAND) is 780.6× the size of Playermon (PYM) by market capitalisation. Over the past 1 year, PYM is ahead by 15.8 percentage points (PYM -58.1% against SAND -73.9%). Their daily returns move loosely together (correlation 0.42 across 373 shared trading days). Both have run at a similar volatility, around 97% annualised.
PYMSAND
0.42over 373 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 | PYM | SAND |
|---|---|---|
| Max drawdown (400d) | -67.0% | -88.4% |
| Risk-adjusted return (90d) | -0.39 | 0.07 |
| Best 30 days (past year) | +42.8% | +94.1% |
| Worst 30 days (past year) | -40.7% | -48.8% |
Relative strength over 90 days: SAND outperformed PYM by 27.2% — measured on the PYM/SAND ratio, so it holds regardless of market direction.