OG Fan Token (OG) is 1.6× the size of Santos FC Fan Token (SANTOS) by market capitalisation. Over the past 1 year, SANTOS is ahead by 14.9 percentage points (SANTOS -66.5% against OG -81.5%). Their daily returns move barely together (correlation 0.26 across 399 shared trading days). OG has been the more volatile of the two, at 102% annualised against SANTOS's 82%.
SANTOSOG
0.26over 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 | SANTOS | OG |
|---|---|---|
| Max drawdown (400d) | -83.8% | -88.1% |
| Risk-adjusted return (90d) | -0.24 | -0.20 |
| Best 30 days (past year) | +66.2% | +51.5% |
| Worst 30 days (past year) | -51.3% | -74.5% |
Relative strength over 90 days: OG outperformed SANTOS by 5.0% — measured on the SANTOS/OG ratio, so it holds regardless of market direction.