Spain vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 67.1× the size of Spain (SPAIN) by market capitalisation. Over the past 30 days, SPAIN is ahead by 4.8 percentage points (SPAIN -2.3% against VATRENI -7.1%). Their daily returns move barely together (correlation 0.13 across 29 shared trading days). VATRENI has been the more volatile of the two, at 73% annualised against SPAIN's 42%.

Correlation: 0.13
Size ratio: 1 : 67.1
Ahead over 30 days: SPAIN

SpainSPAIN

$0.076608

24h: +2.56%
Market cap: $358,696
Volume 24h: $38,900
Volatility (ann.): 42%

Croatian Football Federation TokenVATRENI

$1.3700

24h: +2.68%
Market cap: $24.05M
Volume 24h: $3,737
Volatility (ann.): 73%

SPAIN 1.5%Share of the two combined market caps98.5% VATRENI

Performance

SPAINVATRENI

7 days+4.75%-7.09%SPAIN
30 days-2.31%-7.09%SPAIN

Correlation

0.13over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	SPAIN	VATRENI
Max drawdown (400d)	-13.8%	-25.7%
Risk-adjusted return (90d)	-0.06	-0.23

Relative strength over 90 days: VATRENI outperformed SPAIN by 11.4% — measured on the SPAIN/VATRENI ratio, so it holds regardless of market direction.

Spain →Croatian Football Federation Token →