Pyth Network (PYTH) is 7259.3× the size of bitsCrunch Token (BCUT) by market capitalisation. Over the past 1 year, PYTH is ahead by 72.1 percentage points (BCUT -99.2% against PYTH -27.1%). Their daily returns move barely together (correlation 0.20 across 371 shared trading days). BCUT has been the more volatile of the two, at 144% annualised against PYTH's 98%.
BCUTPYTH
0.20over 371 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 | BCUT | PYTH |
|---|---|---|
| Max drawdown (400d) | -99.3% | -81.1% |
| Risk-adjusted return (90d) | -0.47 | 0.78 |
| Best 30 days (past year) | +16.9% | +76.8% |
| Worst 30 days (past year) | -80.5% | -46.7% |
Relative strength over 90 days: PYTH outperformed BCUT by 92.0% — measured on the BCUT/PYTH ratio, so it holds regardless of market direction.