Fartcoin (FARTCOIN) is 658.8× the size of United States Water Reserve (USWR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 40 shared trading days). USWR has been the more volatile of the two, at 330% annualised against FARTCOIN's 156%.
$0.000186
USWRFARTCOIN
-0.00over 40 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 | USWR | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -99.4% | -46.0% |
| Risk-adjusted return (90d) | -0.25 | -0.11 |
Relative strength over 90 days: FARTCOIN outperformed USWR by 65.0% — measured on the USWR/FARTCOIN ratio, so it holds regardless of market direction.