Drift Protocol (DRIFT) is 14.1× the size of Space (SPACE) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 33 shared trading days). SPACE has been the more volatile of the two, at 436% annualised against DRIFT's 144%.
SPACEDRIFT
0.46over 33 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 | SPACE | DRIFT |
|---|---|---|
| Max drawdown (400d) | -99.8% | -98.8% |
| Risk-adjusted return (90d) | -0.23 | -0.11 |
| Best 30 days (past year) | — | +91.2% |
| Worst 30 days (past year) | — | -66.9% |
Relative strength over 90 days: DRIFT outperformed SPACE by 99.8% — measured on the SPACE/DRIFT ratio, so it holds regardless of market direction.