ARMOR vs Nexus Mutual

Nexus Mutual (NXM) is 648.8× the size of ARMOR (ARMOR) by market capitalisation. Over the past 30 days, NXM is ahead by 5.1 percentage points (ARMOR -8.9% against NXM -3.9%). Their daily returns move closely together (correlation 0.66 across 22 shared trading days). Both have run at a similar volatility, around 52% annualised.

Correlation: 0.66
Size ratio: 1 : 648.8
Ahead over 30 days: NXM

ARMORARMOR

$0.000204

24h: +4.74%
Market cap: $146,948
Volume 24h: $56
Volatility (ann.): 49%

Nexus MutualNXM

$61.5300

24h: +2.84%
Market cap: $95.35M
Volume 24h: —
Volatility (ann.): 54%

ARMOR 0.2%Share of the two combined market caps99.8% NXM

Performance

ARMORNXM

7 days+2.58%+3.77%NXM
30 days-8.93%-3.85%NXM

Correlation

0.66over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ARMOR	NXM
Max drawdown (400d)	-16.3%	-17.2%
Risk-adjusted return (90d)	-0.18	0.39

Relative strength over 90 days: ARMOR outperformed NXM by 1.0% — measured on the ARMOR/NXM ratio, so it holds regardless of market direction.

ARMOR →Nexus Mutual →