Degen (DEGEN) is 1171.0× the size of Broak on Base (BROAK) by market capitalisation. Their daily returns move very closely together (correlation 0.85 across 20 shared trading days). BROAK has been the more volatile of the two, at 118% annualised against DEGEN's 78%.
BROAKDEGEN
0.85over 20 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 | BROAK | DEGEN |
|---|---|---|
| Max drawdown (400d) | -89.6% | -26.2% |
| Risk-adjusted return (90d) | -0.57 | -0.20 |
Relative strength over 90 days: DEGEN outperformed BROAK by 11.1% — measured on the BROAK/DEGEN ratio, so it holds regardless of market direction.