ViFoxCoin (VFX) is 61.3× the size of 99 Bitcoins (99BTC) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 25 shared trading days). 99BTC has been the more volatile of the two, at 131% annualised against VFX's 43%.
99BTCVFX
0.17over 25 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 | VFX |
|---|---|---|
| Max drawdown (400d) | -82.5% | -15.1% |
| Risk-adjusted return (90d) | -0.29 | -0.16 |
Relative strength over 90 days: 99BTC outperformed VFX by 7.4% — measured on the 99BTC/VFX ratio, so it holds regardless of market direction.