Axie Infinity (AXS) is 990.1× the size of Bezoge Earth (BEZOGE) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.42 across 25 shared trading days). BEZOGE has been the more volatile of the two, at 215290263% annualised against AXS's 121%.
BEZOGEAXS
-0.42over 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 | BEZOGE | AXS |
|---|---|---|
| Max drawdown (400d) | -100.0% | -72.0% |
| Risk-adjusted return (90d) | 0.00 | -0.02 |
| Best 30 days (past year) | — | +248.7% |
| Worst 30 days (past year) | — | -55.5% |
Relative strength over 90 days: BEZOGE outperformed AXS by 7.9% — measured on the BEZOGE/AXS ratio, so it holds regardless of market direction.