Non-Playable Coin (NPC) is 1320.3× the size of Snibbu (SNIBBU) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 28 shared trading days). Both have run at a similar volatility, around 154% annualised.
SNIBBUNPC
0.56over 28 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 | SNIBBU | NPC |
|---|---|---|
| Max drawdown (400d) | -64.0% | -34.4% |
| Risk-adjusted return (90d) | -0.37 | 1.52 |
Relative strength over 90 days: NPC outperformed SNIBBU by 66.3% — measured on the SNIBBU/NPC ratio, so it holds regardless of market direction.