AINFT (NFT) is 23.1× the size of SuperRare (RARE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.05 across 57 shared trading days). RARE has been the more volatile of the two, at 110% annualised against NFT's 36%.
RARENFT
-0.05over 57 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 | RARE | NFT |
|---|---|---|
| Max drawdown (400d) | -78.1% | -17.9% |
| Risk-adjusted return (90d) | 0.04 | -0.45 |
| Best 30 days (past year) | +67.7% | — |
| Worst 30 days (past year) | -43.2% | — |
Relative strength over 90 days: RARE outperformed NFT by 19.9% — measured on the RARE/NFT ratio, so it holds regardless of market direction.