Jackpotter ($JPT) is 173.1× the size of Blockchain Bets (BCB) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 22 shared trading days). $JPT has been the more volatile of the two, at 89% annualised against BCB's 42%.
BCB$JPT
0.26over 22 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 | BCB | $JPT |
|---|---|---|
| Max drawdown (400d) | -18.4% | -46.5% |
| Risk-adjusted return (90d) | -0.39 | -0.47 |
Relative strength over 90 days: BCB outperformed $JPT by 43.9% — measured on the BCB/$JPT ratio, so it holds regardless of market direction.