Spain vs Galatasaray Fan Token

Galatasaray Fan Token (GAL) is 20.3× the size of Spain (SPAIN) by market capitalisation. Over the past 30 days, SPAIN is ahead by 12.4 percentage points (SPAIN -2.3% against GAL -14.7%). Their daily returns move barely together (correlation 0.34 across 29 shared trading days). SPAIN has been the more volatile of the two, at 42% annualised against GAL's 18%.

Correlation: 0.34
Size ratio: 1 : 20.3
Ahead over 30 days: SPAIN

SpainSPAIN

$0.076608

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

Galatasaray Fan TokenGAL

$0.804027

24h: -0.50%
Market cap: $7.29M
Volume 24h: $572,380
Volatility (ann.): 18%

SPAIN 4.7%Share of the two combined market caps95.3% GAL

Performance

SPAINGAL

7 days+4.75%-2.20%SPAIN
30 days-2.31%-14.73%SPAIN

Correlation

0.34over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	GAL
Max drawdown (400d)	-13.8%	-14.7%
Risk-adjusted return (90d)	-0.06	-0.82

Relative strength over 90 days: SPAIN outperformed GAL by 16.5% — measured on the SPAIN/GAL ratio, so it holds regardless of market direction.

Spain →Galatasaray Fan Token →