PudgyStrategy vs Fake World Assets

Fake World Assets (FWA) is 15.3× the size of PudgyStrategy (PUDGYSTR) by market capitalisation. Over the past 30 days, FWA is ahead by 4.1 percentage points (PUDGYSTR -57.3% against FWA -53.2%). Their daily returns move loosely together (correlation 0.51 across 37 shared trading days). FWA has been the more volatile of the two, at 363% annualised against PUDGYSTR's 202%.

Correlation: 0.51
Size ratio: 1 : 15.3
Ahead over 30 days: FWA

PudgyStrategyPUDGYSTR

$0.000314

24h: -0.34%
Market cap: $297,079
Volume 24h: $623
Volatility (ann.): 202%

Fake World AssetsFWA

$0.004599

24h: -0.32%
Market cap: $4.55M
Volume 24h: $46,189
Volatility (ann.): 363%

PUDGYSTR 6.1%Share of the two combined market caps93.9% FWA

Performance

PUDGYSTRFWA

7 days-6.61%-31.80%PUDGYSTR
30 days-57.27%-53.18%FWA

Correlation

0.51over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5590d: 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	PUDGYSTR	FWA
Max drawdown (400d)	-64.3%	-80.2%
Risk-adjusted return (90d)	-0.28	-0.20

Relative strength over 90 days: PUDGYSTR outperformed FWA by 33.7% — measured on the PUDGYSTR/FWA ratio, so it holds regardless of market direction.

PudgyStrategy →Fake World Assets →