The Sandbox (SAND) is 2464.6× the size of Versus-X (VSX) by market capitalisation. Over the past 1 year, SAND is ahead by 15.4 percentage points (VSX -92.3% against SAND -76.9%). Their daily returns move barely together (correlation 0.04 across 362 shared trading days). VSX has been the more volatile of the two, at 190% annualised against SAND's 103%.
VSXSAND
0.04over 362 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 | VSX | SAND |
|---|---|---|
| Max drawdown (400d) | -93.7% | -88.4% |
| Risk-adjusted return (90d) | -0.44 | 0.02 |
| Best 30 days (past year) | — | +94.1% |
| Worst 30 days (past year) | — | -48.8% |
Relative strength over 90 days: SAND outperformed VSX by 88.5% — measured on the VSX/SAND ratio, so it holds regardless of market direction.