Fartcoin (FARTCOIN) is 3702.5× the size of White Boy Summer (WBS) by market capitalisation. Their daily returns move closely together (correlation 0.81 across 24 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against WBS's 95%.
WBSFARTCOIN
0.81over 24 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 | WBS | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -71.3% | -46.0% |
| Risk-adjusted return (90d) | -0.22 | -0.08 |
Relative strength over 90 days: WBS outperformed FARTCOIN by 21.0% — measured on the WBS/FARTCOIN ratio, so it holds regardless of market direction.