Fartcoin (FARTCOIN) is 6853.0× the size of SPCX69 (SPCX69) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 40 shared trading days). SPCX69 has been the more volatile of the two, at 639% annualised against FARTCOIN's 155%.
SPCX69FARTCOIN
0.21over 40 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 | SPCX69 | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -99.9% | -46.0% |
| Risk-adjusted return (90d) | -0.34 | -0.08 |
Relative strength over 90 days: FARTCOIN outperformed SPCX69 by 96.8% — measured on the SPCX69/FARTCOIN ratio, so it holds regardless of market direction.