Litecoin (LTC) is 25820.2× the size of BitcoinOS (BOS) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 111 shared trading days). BOS has been the more volatile of the two, at 192% annualised against LTC's 62%.
BOSLTC
0.25over 111 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 | BOS | LTC |
|---|---|---|
| Max drawdown (400d) | -77.1% | -67.5% |
| Risk-adjusted return (90d) | -0.34 | 0.38 |
| Best 30 days (past year) | — | +45.4% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed BOS by 74.3% — measured on the BOS/LTC ratio, so it holds regardless of market direction.