Genius (GENIUS) is 30.4× the size of BytomDAO (BTM) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 37 shared trading days). GENIUS has been the more volatile of the two, at 96% annualised against BTM's 32%.
BTMGENIUS
0.06over 37 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 | BTM | GENIUS |
|---|---|---|
| Max drawdown (400d) | -30.2% | -61.7% |
| Risk-adjusted return (90d) | -0.95 | -0.20 |
Relative strength over 90 days: GENIUS outperformed BTM by 35.4% — measured on the BTM/GENIUS ratio, so it holds regardless of market direction.