CheckDot vs Nexus Mutual

Nexus Mutual (NXM) is 456.6× the size of CheckDot (CDT) by market capitalisation. Over the past 30 days, NXM is ahead by 17.8 percentage points (CDT -21.7% against NXM -3.9%). Their daily returns move loosely together (correlation 0.52 across 21 shared trading days). Both have run at a similar volatility, around 51% annualised.

Correlation: 0.52
Size ratio: 1 : 456.6
Ahead over 30 days: NXM

CheckDotCDT

$0.022069

24h: +2.98%
Market cap: $208,861
Volume 24h: $108
Volatility (ann.): 49%

Nexus MutualNXM

$61.5400

24h: +5.17%
Market cap: $95.36M
Volume 24h: —
Volatility (ann.): 54%

CDT 0.2%Share of the two combined market caps99.8% NXM

Performance

CDTNXM

7 days-3.96%+3.77%NXM
30 days-21.67%-3.85%NXM

Correlation

0.52over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	CDT	NXM
Max drawdown (400d)	-25.4%	-17.2%
Risk-adjusted return (90d)	-0.44	0.39

Relative strength over 90 days: NXM outperformed CDT by 13.7% — measured on the CDT/NXM ratio, so it holds regardless of market direction.

CheckDot →Nexus Mutual →