Open Campus (EDU) is 252.0× the size of 99 Bitcoins (99BTC) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 193 shared trading days). Both have run at a similar volatility, around 129% annualised.
99BTCEDU
0.08over 193 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 | 99BTC | EDU |
|---|---|---|
| Max drawdown (400d) | -82.5% | -87.8% |
| Risk-adjusted return (90d) | -0.29 | 0.66 |
| Best 30 days (past year) | — | +70.0% |
| Worst 30 days (past year) | — | -55.0% |
Relative strength over 90 days: EDU outperformed 99BTC by 37.2% — measured on the 99BTC/EDU ratio, so it holds regardless of market direction.