Fartcoin (FARTCOIN) is 4160.2× the size of Salt Bae For The People (SBAE) by market capitalisation. Their daily returns move closely together (correlation 0.84 across 28 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against SBAE's 93%.
SBAEFARTCOIN
0.84over 28 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 | SBAE | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -60.2% | -47.4% |
| Risk-adjusted return (90d) | 0.07 | -0.13 |
Relative strength over 90 days: SBAE outperformed FARTCOIN by 36.6% — measured on the SBAE/FARTCOIN ratio, so it holds regardless of market direction.