Fartcoin (FARTCOIN) is 1015.5× the size of Wakehacker by Virtuals (WAKEAI) by market capitalisation. Their daily returns move closely together (correlation 0.77 across 26 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against WAKEAI's 120%.
WAKEAIFARTCOIN
0.77over 26 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 | WAKEAI | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -44.8% | -47.4% |
| Risk-adjusted return (90d) | 0.06 | -0.13 |
Relative strength over 90 days: WAKEAI outperformed FARTCOIN by 3.2% — measured on the WAKEAI/FARTCOIN ratio, so it holds regardless of market direction.