Fartcoin (FARTCOIN) is 1885.8× the size of Scrat (SCRAT) by market capitalisation. Their daily returns move very closely together (correlation 0.91 across 39 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against SCRAT's 104%.
SCRATFARTCOIN
0.91over 39 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 | SCRAT | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -40.7% | -46.0% |
| Risk-adjusted return (90d) | 0.24 | -0.08 |
Relative strength over 90 days: SCRAT outperformed FARTCOIN by 46.4% — measured on the SCRAT/FARTCOIN ratio, so it holds regardless of market direction.