SCARCITY (SCARCITY) and Dream Machine Token (DMT) compared side by side. Their daily returns move barely together (correlation 0.18 across 31 shared trading days). DMT has been the more volatile of the two, at 177% annualised against SCARCITY's 96%.
SCARCITYDMT
0.18over 31 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 | SCARCITY | DMT |
|---|---|---|
| Max drawdown (400d) | -92.5% | -62.6% |
| Risk-adjusted return (90d) | 0.75 | -0.29 |
Relative strength over 90 days: SCARCITY outperformed DMT by 95.8% — measured on the SCARCITY/DMT ratio, so it holds regardless of market direction.