Ethereum (ETH) is 14146509.6× the size of Busy (BUSY) by market capitalisation. Over the past 1 year, BUSY is ahead by 11.5 percentage points (BUSY -23.2% against ETH -34.6%). Their daily returns move barely together (correlation 0.02 across 366 shared trading days). BUSY has been the more volatile of the two, at 286% annualised against ETH's 62%.
BUSYETH
0.02over 366 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 | BUSY | ETH |
|---|---|---|
| Max drawdown (400d) | -98.5% | -66.5% |
| Risk-adjusted return (90d) | -0.24 | 0.29 |
| Best 30 days (past year) | +364.1% | +34.1% |
| Worst 30 days (past year) | -98.1% | -44.6% |
Relative strength over 90 days: ETH outperformed BUSY by 95.7% — measured on the BUSY/ETH ratio, so it holds regardless of market direction.