SNPIT TOKEN (SNPT) and FLOKI (FLOKI) compared side by side. Over the past 1 year, FLOKI is ahead by 22.5 percentage points (SNPT -85.3% against FLOKI -62.8%). Their daily returns move barely together (correlation 0.03 across 364 shared trading days). Both have run at a similar volatility, around 85% annualised.
SNPTFLOKI
0.03over 364 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 | SNPT | FLOKI |
|---|---|---|
| Max drawdown (400d) | -94.5% | -80.7% |
| Risk-adjusted return (90d) | -0.59 | 0.10 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: FLOKI outperformed SNPT by 33.9% — measured on the SNPT/FLOKI ratio, so it holds regardless of market direction.