Trust Wallet (TWT) is 1.6× the size of SafePal (SFP) by market capitalisation. Over the past 1 year, SFP is ahead by 32.8 percentage points (SFP -31.5% against TWT -64.4%). Their daily returns move loosely together (correlation 0.52 across 399 shared trading days). Both have run at a similar volatility, around 72% annualised.
SFPTWT
0.52over 399 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 | SFP | TWT |
|---|---|---|
| Max drawdown (400d) | -62.2% | -79.8% |
| Risk-adjusted return (90d) | 0.03 | 0.13 |
| Best 30 days (past year) | +33.7% | +70.1% |
| Worst 30 days (past year) | -33.2% | -46.8% |
Relative strength over 90 days: TWT outperformed SFP by 6.8% — measured on the SFP/TWT ratio, so it holds regardless of market direction.