Bordrless (BORDR) is 1.2× the size of binky (BINKY) by market capitalisation. Over the past 30 days, BINKY is ahead by 22.8 percentage points (BINKY -75.9% against BORDR -98.7%). Their daily returns move barely together (correlation 0.06 across 33 shared trading days). Both have run at a similar volatility, around 910% annualised.
BINKYBORDR
0.06over 33 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 | BINKY | BORDR |
|---|---|---|
| Max drawdown (400d) | -94.9% | -99.8% |
| Risk-adjusted return (90d) | -0.10 | -0.10 |
Relative strength over 90 days: BINKY outperformed BORDR by 615.1% — measured on the BINKY/BORDR ratio, so it holds regardless of market direction.