Non-Playable Coin (NPC) is 2125.5× the size of SPURDO ON ETH (SPURDO) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 28 shared trading days). NPC has been the more volatile of the two, at 162% annualised against SPURDO's 99%.
SPURDONPC
0.56over 28 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 | SPURDO | NPC |
|---|---|---|
| Max drawdown (400d) | -72.7% | -34.4% |
| Risk-adjusted return (90d) | 0.05 | 1.52 |
Relative strength over 90 days: NPC outperformed SPURDO by 59.1% — measured on the SPURDO/NPC ratio, so it holds regardless of market direction.