Croatian Football Federation Token (VATRENI) is 8.6× the size of Scor (SCOR) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 38 shared trading days). SCOR has been the more volatile of the two, at 180% annualised against VATRENI's 73%.
$1.3000
SCORVATRENI
0.47over 38 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 | SCOR | VATRENI |
|---|---|---|
| Max drawdown (400d) | -79.5% | -25.7% |
| Risk-adjusted return (90d) | -0.40 | -0.23 |
Relative strength over 90 days: VATRENI outperformed SCOR by 35.5% — measured on the SCOR/VATRENI ratio, so it holds regardless of market direction.