DGrid AI (DGAI) is 10.8× the size of Bitlight (LIGHT) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.42 across 32 shared trading days). LIGHT has been the more volatile of the two, at 149% annualised against DGAI's 115%.
LIGHTDGAI
-0.42over 32 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 | LIGHT | DGAI |
|---|---|---|
| Max drawdown (400d) | -29.0% | -35.2% |
| Risk-adjusted return (90d) | 0.66 | -0.05 |
Relative strength over 90 days: LIGHT outperformed DGAI by 66.8% — measured on the LIGHT/DGAI ratio, so it holds regardless of market direction.