Brett (BRETT) is 485.2× the size of COIN (COIN) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 22 shared trading days). BRETT has been the more volatile of the two, at 100% annualised against COIN's 80%.
COINBRETT
0.52over 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 | COIN | BRETT |
|---|---|---|
| Max drawdown (400d) | -58.4% | -31.9% |
| Risk-adjusted return (90d) | -0.24 | -0.04 |
Relative strength over 90 days: BRETT outperformed COIN by 1.2% — measured on the COIN/BRETT ratio, so it holds regardless of market direction.