VeBetterDAO (B3TR) is 1.2× the size of SunContract (SNC) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 30 shared trading days). SNC has been the more volatile of the two, at 2017241% annualised against B3TR's 84%.
SNCB3TR
0.16over 30 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 | SNC | B3TR |
|---|---|---|
| Max drawdown (400d) | -100.0% | -93.8% |
| Risk-adjusted return (90d) | 0.00 | 0.74 |
Relative strength over 90 days: B3TR outperformed SNC by 38.4% — measured on the SNC/B3TR ratio, so it holds regardless of market direction.