Believe In Something vs Bordrless

Believe In Something (BELIEVE) and Bordrless (BORDR) compared side by side. Over the past 30 days, BELIEVE is ahead by 39.5 percentage points (BELIEVE -60.0% against BORDR -99.5%). Their daily returns move barely in opposite directions (correlation -0.03 across 27 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against BELIEVE's 728%.

Correlation: -0.03
Ahead over 30 days: BELIEVE

Believe In SomethingBELIEVE

$6.797e-6

24h: -10.71%
Market cap: —
Volume 24h: $82
Volatility (ann.): 728%

BordrlessBORDR

$2.055e-5

24h: +23.32%
Market cap: $20,548
Volume 24h: $1.10M
Volatility (ann.): 944%

BELIEVE 0.0%Share of the two combined market caps100.0% BORDR

Performance

BELIEVEBORDR

7 days-56.56%-10.80%BORDR
30 days-59.99%-99.45%BELIEVE

Correlation

-0.03over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	BELIEVE	BORDR
Max drawdown (400d)	-84.3%	-99.8%
Risk-adjusted return (90d)	-0.10	-0.10

Relative strength over 90 days: BELIEVE outperformed BORDR by 1622.7% — measured on the BELIEVE/BORDR ratio, so it holds regardless of market direction.

Believe In Something →Bordrless →