BITCOIN DOG (BITDOG) and Bordrless (BORDR) compared side by side. Over the past 30 days, BITDOG is ahead by 9.1 percentage points (BITDOG -90.4% against BORDR -99.5%). Their daily returns move loosely together (correlation 0.55 across 23 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against BITDOG's 555%.
BITDOGBORDR
0.55over 23 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 | BITDOG | BORDR |
|---|---|---|
| Max drawdown (400d) | -90.4% | -99.8% |
| Risk-adjusted return (90d) | -0.16 | -0.10 |
Relative strength over 90 days: BITDOG outperformed BORDR by 1692.4% — measured on the BITDOG/BORDR ratio, so it holds regardless of market direction.