Fartcoin (FARTCOIN) is 135.1× the size of sudeng (HIPPO) by market capitalisation. Their daily returns move closely together (correlation 0.70 across 44 shared trading days). HIPPO has been the more volatile of the two, at 283% annualised against FARTCOIN's 156%.
HIPPOFARTCOIN
0.70over 44 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 | HIPPO | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -98.8% | -46.0% |
| Risk-adjusted return (90d) | -0.30 | -0.11 |
| Best 30 days (past year) | +445.1% | — |
| Worst 30 days (past year) | -84.5% | — |
Relative strength over 90 days: FARTCOIN outperformed HIPPO by 4.6% — measured on the HIPPO/FARTCOIN ratio, so it holds regardless of market direction.