Valencia CF Fan Token vs Croatian Football Federation Token

Croatian Football Federation Token (VATRENI) is 70.1× the size of Valencia CF Fan Token (VCF) by market capitalisation. Over the past 30 days, VATRENI is ahead by 3.5 percentage points (VCF -8.4% against VATRENI -4.9%). Their daily returns move barely in opposite directions (correlation -0.09 across 28 shared trading days). Both have run at a similar volatility, around 68% annualised.

Correlation: -0.09
Size ratio: 1 : 70.1
Ahead over 30 days: VATRENI

Valencia CF Fan TokenVCF

$0.043107

24h: +0.30%
Market cap: $321,671
Volume 24h: $36,182
Volatility (ann.): 64%

Croatian Football Federation TokenVATRENI

$1.2800

24h: -5.57%
Market cap: $22.55M
Volume 24h: $2,577
Volatility (ann.): 72%

VCF 1.4%Share of the two combined market caps98.6% VATRENI

Performance

VCFVATRENI

7 days-1.19%-4.90%VCF
30 days-8.38%-4.90%VATRENI

Correlation

-0.09over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	VCF	VATRENI
Max drawdown (400d)	-15.6%	-25.7%
Risk-adjusted return (90d)	-0.13	-0.19

Relative strength over 90 days: VATRENI outperformed VCF by 23.7% — measured on the VCF/VATRENI ratio, so it holds regardless of market direction.

Valencia CF Fan Token →Croatian Football Federation Token →