Sallar vs Grass

Grass (GRASS) is 1181.9× the size of Sallar (ALL) by market capitalisation. Over the past 30 days, GRASS is ahead by 109.4 percentage points (ALL -37.0% against GRASS +72.4%). Their daily returns move barely together (correlation 0.13 across 22 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against ALL's 75%.

Correlation: 0.13
Size ratio: 1 : 1181.9
Ahead over 30 days: GRASS

SallarALL

$0.000136

24h: -0.48%
Market cap: $352,314
Volume 24h: $48
Volatility (ann.): 75%

GrassGRASS

$0.576671

24h: +1.59%
Market cap: $416.41M
Volume 24h: $22.85M
Volatility (ann.): 213%

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

Performance

ALLGRASS

7 days-6.50%-23.53%ALL
30 days-36.96%+72.43%GRASS

Correlation

0.13over 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	ALL	GRASS
Max drawdown (400d)	-38.2%	-25.3%
Risk-adjusted return (90d)	-0.40	0.35

Relative strength over 90 days: GRASS outperformed ALL by 13.5% — measured on the ALL/GRASS ratio, so it holds regardless of market direction.

Sallar →Grass →