Degen (DEGEN) is 2153.0× the size of Baby Tiger ($BBT) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 24 shared trading days). $BBT has been the more volatile of the two, at 104% annualised against DEGEN's 78%.
$BBTDEGEN
0.55over 24 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 | $BBT | DEGEN |
|---|---|---|
| Max drawdown (400d) | -57.2% | -26.2% |
| Risk-adjusted return (90d) | 0.13 | -0.20 |
Relative strength over 90 days: $BBT outperformed DEGEN by 11.5% — measured on the $BBT/DEGEN ratio, so it holds regardless of market direction.