Non-Playable Coin (NPC) is 2706.9× the size of Sato The Dog (SATO) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 42 shared trading days). NPC has been the more volatile of the two, at 162% annualised against SATO's 90%.
SATONPC
0.27over 42 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 | SATO | NPC |
|---|---|---|
| Max drawdown (400d) | -53.9% | -34.4% |
| Risk-adjusted return (90d) | -0.47 | 1.52 |
Relative strength over 90 days: NPC outperformed SATO by 76.4% — measured on the SATO/NPC ratio, so it holds regardless of market direction.