Bitcoin (BTC) is 1435010.8× the size of Anchored Coins AEUR (AEUR) by market capitalisation. Over the past 1 year, AEUR is ahead by 32.9 percentage points (AEUR +3.2% against BTC -29.7%). Their daily returns move barely together (correlation 0.29 across 348 shared trading days). BTC has been the more volatile of the two, at 44% annualised against AEUR's 22%.
| Period | AEUR | BTC | Ahead |
|---|---|---|---|
| 7 days | +0.37% | +5.14% | BTC |
| 30 days | +1.53% | +11.26% | BTC |
| 90 days | -1.52% | +28.33% | BTC |
| 1 year | +3.22% | -29.73% | AEUR |
| Metric | AEUR | BTC |
|---|---|---|
| Max drawdown (400d) | -11.4% | -53.0% |
| Risk-adjusted return (90d) | -0.12 | 0.74 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: AEUR outperformed BTC by 18.9% — measured on the AEUR/BTC ratio, so it holds regardless of market direction.
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.