OG Fan Token (OG) is 7.3× the size of Trabzonspor Fan Token (TRA) by market capitalisation. Over the past 1 year, TRA is ahead by 33.9 percentage points (TRA -47.6% against OG -81.5%). Their daily returns move barely together (correlation 0.10 across 363 shared trading days). OG has been the more volatile of the two, at 102% annualised against TRA's 76%.
TRAOG
0.10over 363 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 | TRA | OG |
|---|---|---|
| Max drawdown (400d) | -59.6% | -88.1% |
| Risk-adjusted return (90d) | 0.24 | -0.20 |
| Best 30 days (past year) | — | +51.5% |
| Worst 30 days (past year) | — | -74.5% |
Relative strength over 90 days: TRA outperformed OG by 0.0% — measured on the TRA/OG ratio, so it holds regardless of market direction.