SL Benfica Fan Token vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 33.7× the size of SL Benfica Fan Token (BENFICA) by market capitalisation. Over the past 30 days, BENFICA is ahead by 1.1 percentage points (BENFICA -6.0% against VATRENI -7.1%). Their daily returns move barely in opposite directions (correlation -0.03 across 29 shared trading days). VATRENI has been the more volatile of the two, at 73% annualised against BENFICA's 24%.

Correlation: -0.03
Size ratio: 1 : 33.7
Ahead over 30 days: BENFICA

SL Benfica Fan TokenBENFICA

$0.070448

24h: +8.56%
Market cap: $678,847
Volume 24h: $106,607
Volatility (ann.): 24%

Croatian Football Federation TokenVATRENI

$1.3000

24h: +0.36%
Market cap: $22.89M
Volume 24h: $3,303
Volatility (ann.): 73%

BENFICA 2.9%Share of the two combined market caps97.1% VATRENI

Performance

BENFICAVATRENI

7 days-1.81%-7.09%BENFICA
30 days-6.00%-7.09%BENFICA

Correlation

-0.03over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	BENFICA	VATRENI
Max drawdown (400d)	-7.6%	-25.7%
Risk-adjusted return (90d)	-0.25	-0.23

Relative strength over 90 days: VATRENI outperformed BENFICA by 17.0% — measured on the BENFICA/VATRENI ratio, so it holds regardless of market direction.

SL Benfica Fan Token →Croatian Football Federation Token →