Spain National Football Team vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 625.7× the size of Spain National Football Team (SNFT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 33 shared trading days). SNFT has been the more volatile of the two, at 194% annualised against VATRENI's 73%.

Correlation: -0.26
Size ratio: 1 : 625.7

Spain National Football TeamSNFT

$0.001685

24h: +6.02%
Market cap: $38,588
Volume 24h: $294
Volatility (ann.): 194%

Croatian Football Federation TokenVATRENI

$1.3800

24h: +3.41%
Market cap: $24.14M
Volume 24h: $3,813
Volatility (ann.): 73%

SNFT 0.2%Share of the two combined market caps99.8% VATRENI

Performance

SNFTVATRENI

7 days-0.85%-8.28%SNFT
30 days-0.90%-8.90%SNFT
90 days-33.07%——
1 year-94.86%——

Correlation

-0.26over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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	SNFT	VATRENI
Max drawdown (400d)	-98.1%	-25.7%
Risk-adjusted return (90d)	-0.14	-0.22

Relative strength over 90 days: VATRENI outperformed SNFT by 2.8% — measured on the SNFT/VATRENI ratio, so it holds regardless of market direction.

Spain National Football Team →Croatian Football Federation Token →