BitTorrent (BTT) is 1645.9× the size of Crust Network (CRU) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 46 shared trading days). CRU has been the more volatile of the two, at 87% annualised against BTT's 50%.
CRUBTT
0.22over 46 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 | CRU | BTT |
|---|---|---|
| Max drawdown (400d) | -90.9% | -8.3% |
| Risk-adjusted return (90d) | -0.24 | 0.80 |
| Best 30 days (past year) | +48.1% | — |
| Worst 30 days (past year) | -52.5% | — |
Relative strength over 90 days: BTT outperformed CRU by 41.6% — measured on the CRU/BTT ratio, so it holds regardless of market direction.