SNPad vs Belong

SNPad (SNPAD) is 230.6× the size of Belong (LONG) by market capitalisation. Over the past 30 days, SNPAD is ahead by 180.4 percentage points (SNPAD +181.1% against LONG +0.7%). Their daily returns move barely in opposite directions (correlation -0.17 across 36 shared trading days). LONG has been the more volatile of the two, at 1081% annualised against SNPAD's 586%.

Correlation: -0.17
Size ratio: 230.6×
Ahead over 30 days: SNPAD

SNPadSNPAD

$0.027909

24h: -5.08%
Market cap: $7.81M
Volume 24h: $11,990
Volatility (ann.): 586%

BelongLONG

$0.000477

24h: +0.34%
Market cap: $33,884
Volume 24h: $480
Volatility (ann.): 1081%

SNPAD 99.6%Share of the two combined market caps0.4% LONG

Performance

SNPADLONG

7 days-3.93%-43.71%SNPAD
30 days+181.08%+0.70%SNPAD

Correlation

-0.17over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	SNPAD	LONG
Max drawdown (400d)	-15.8%	-75.5%
Risk-adjusted return (90d)	0.25	0.00

Relative strength over 90 days: SNPAD outperformed LONG by 163.7% — measured on the SNPAD/LONG ratio, so it holds regardless of market direction.

SNPad →Belong →