OG Fan Token (OG) is 19.8× the size of SL Benfica Fan Token (BENFICA) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.36 across 31 shared trading days). OG has been the more volatile of the two, at 102% annualised against BENFICA's 24%.
$0.070448
BENFICAOG
-0.36over 31 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 | BENFICA | OG |
|---|---|---|
| Max drawdown (400d) | -7.6% | -88.1% |
| Risk-adjusted return (90d) | -0.25 | -0.20 |
| Best 30 days (past year) | — | +51.5% |
| Worst 30 days (past year) | — | -74.5% |
Relative strength over 90 days: OG outperformed BENFICA by 4.4% — measured on the BENFICA/OG ratio, so it holds regardless of market direction.