SpookySwap vs Lighter

Lighter (LIT) is 15912.7× the size of SpookySwap (BOO) by market capitalisation. Over the past 30 days, BOO is ahead by 7.2 percentage points (BOO -2.0% against LIT -9.2%). Their daily returns move barely in opposite directions (correlation -0.06 across 25 shared trading days). BOO has been the more volatile of the two, at 206% annualised against LIT's 117%.

Correlation: -0.06
Size ratio: 1 : 15912.7
Ahead over 30 days: BOO

SpookySwapBOO

$0.007379

24h: +7.61%
Market cap: $53,563
Volume 24h: $22
Volatility (ann.): 206%

LighterLIT

$0.743000

24h: +2.04%
Market cap: $852.33M
Volume 24h: $122.30M
Volatility (ann.): 117%

BOO 0.0%Share of the two combined market caps100.0% LIT

Performance

BOOLIT

7 days-6.91%+24.19%LIT
30 days-2.05%-9.23%BOO

Correlation

-0.06over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	BOO	LIT
Max drawdown (400d)	-45.2%	-42.9%
Risk-adjusted return (90d)	-0.01	-0.25

Relative strength over 90 days: BOO outperformed LIT by 8.5% — measured on the BOO/LIT ratio, so it holds regardless of market direction.

SpookySwap →Lighter →