Scotland Fan Token vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 135.7× the size of Scotland Fan Token (SFA) by market capitalisation. Over the past 30 days, VATRENI is ahead by 16.1 percentage points (SFA -25.0% against VATRENI -8.9%). Their daily returns move barely together (correlation 0.33 across 28 shared trading days). VATRENI has been the more volatile of the two, at 73% annualised against SFA's 52%.

Correlation: 0.33
Size ratio: 1 : 135.7
Ahead over 30 days: VATRENI

Scotland Fan TokenSFA

$0.049894

24h: +12.45%
Market cap: $177,912
Volume 24h: $303,623
Volatility (ann.): 52%

Croatian Football Federation TokenVATRENI

$1.3800

24h: +3.41%
Market cap: $24.14M
Volume 24h: $3,813
Volatility (ann.): 73%

SFA 0.7%Share of the two combined market caps99.3% VATRENI

Performance

SFAVATRENI

7 days-4.52%-8.28%SFA
30 days-24.98%-8.90%VATRENI

Correlation

0.33over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	SFA	VATRENI
Max drawdown (400d)	-27.4%	-25.7%
Risk-adjusted return (90d)	-0.48	-0.22

Relative strength over 90 days: VATRENI outperformed SFA by 34.5% — measured on the SFA/VATRENI ratio, so it holds regardless of market direction.

Scotland Fan Token →Croatian Football Federation Token →