Artificial Inu (AI) is 168.5× the size of SANTAHOOD (SANTACOIN) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 35 shared trading days). SANTACOIN has been the more volatile of the two, at 237% annualised against AI's 104%.
SANTACOINAI
0.24over 35 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 | SANTACOIN | AI |
|---|---|---|
| Max drawdown (400d) | -57.2% | -86.9% |
| Risk-adjusted return (90d) | -0.16 | 0.01 |
| Best 30 days (past year) | — | +59.8% |
| Worst 30 days (past year) | — | -49.3% |
Relative strength over 90 days: AI outperformed SANTACOIN by 31.2% — measured on the SANTACOIN/AI ratio, so it holds regardless of market direction.