The Sandbox (SAND) is 5.7× the size of Smooth Love Potion (SLP) by market capitalisation. Over the past 1 year, SLP is ahead by 23.9 percentage points (SLP -51.0% against SAND -74.8%). Their daily returns move closely together (correlation 0.68 across 399 shared trading days). SAND has been the more volatile of the two, at 103% annualised against SLP's 85%.
SLPSAND
0.68over 399 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 | SLP | SAND |
|---|---|---|
| Max drawdown (400d) | -72.8% | -88.4% |
| Risk-adjusted return (90d) | -0.10 | 0.07 |
| Best 30 days (past year) | +42.9% | +94.1% |
| Worst 30 days (past year) | -42.9% | -48.8% |
Relative strength over 90 days: SAND outperformed SLP by 15.8% — measured on the SLP/SAND ratio, so it holds regardless of market direction.