Shiba Inu (SHIB) is 79782.7× the size of This Is Fine - Ethereum (FINE) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 73 shared trading days). FINE has been the more volatile of the two, at 173% annualised against SHIB's 69%.
FINESHIB
0.62over 73 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 | FINE | SHIB |
|---|---|---|
| Max drawdown (400d) | -72.2% | -68.0% |
| Risk-adjusted return (90d) | -0.35 | -0.04 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: FINE outperformed SHIB by 10.3% — measured on the FINE/SHIB ratio, so it holds regardless of market direction.