The Sandbox (SAND) is 17.2× the size of World of Dypians (WOD) by market capitalisation. Over the past 1 year, WOD is ahead by 2.1 percentage points (WOD -72.8% against SAND -74.8%). Their daily returns move barely together (correlation 0.06 across 373 shared trading days). WOD has been the more volatile of the two, at 213% annualised against SAND's 103%.
WODSAND
0.06over 373 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 | WOD | SAND |
|---|---|---|
| Max drawdown (400d) | -96.0% | -88.4% |
| Risk-adjusted return (90d) | 0.35 | 0.07 |
| Best 30 days (past year) | +289.6% | +94.1% |
| Worst 30 days (past year) | -61.1% | -48.8% |
Relative strength over 90 days: WOD outperformed SAND by 97.6% — measured on the WOD/SAND ratio, so it holds regardless of market direction.