The Sandbox (SAND) is 784.7× the size of Sekuya Multiverse (SKYA) by market capitalisation. Over the past 1 year, SAND is ahead by 17.2 percentage points (SKYA -91.1% against SAND -73.9%). Their daily returns move barely together (correlation 0.18 across 373 shared trading days). Both have run at a similar volatility, around 108% annualised.
SKYASAND
0.18over 373 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 | SKYA | SAND |
|---|---|---|
| Max drawdown (400d) | -93.3% | -88.4% |
| Risk-adjusted return (90d) | -0.17 | 0.07 |
| Best 30 days (past year) | +77.8% | +94.1% |
| Worst 30 days (past year) | -43.2% | -48.8% |
Relative strength over 90 days: SAND outperformed SKYA by 18.4% — measured on the SKYA/SAND ratio, so it holds regardless of market direction.