SNPad vs RaveDAO

RaveDAO (RAVE) is 4.9× the size of SNPad (SNPAD) by market capitalisation. Over the past 30 days, SNPAD is ahead by 210.6 percentage points (SNPAD +181.1% against RAVE -29.5%). Their daily returns move closely in opposite directions (correlation -0.61 across 34 shared trading days). SNPAD has been the more volatile of the two, at 586% annualised against RAVE's 89%.

Correlation: -0.61
Size ratio: 1 : 4.9
Ahead over 30 days: SNPAD

SNPadSNPAD

$0.027909

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

RaveDAORAVE

$0.140655

24h: +6.43%
Market cap: $38.01M
Volume 24h: $1.11M
Volatility (ann.): 89%

SNPAD 17.1%Share of the two combined market caps82.9% RAVE

Performance

SNPADRAVE

7 days-3.93%-5.83%SNPAD
30 days+181.08%-29.54%SNPAD

Correlation

-0.61over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6290d: 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	RAVE
Max drawdown (400d)	-15.8%	-56.3%
Risk-adjusted return (90d)	0.25	-0.60

Relative strength over 90 days: SNPAD outperformed RAVE by 373.5% — measured on the SNPAD/RAVE ratio, so it holds regardless of market direction.

SNPad →RaveDAO →