deBridge (DBR) is 2.7× the size of Across Protocol (ACX) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 26 shared trading days). DBR has been the more volatile of the two, at 125% annualised against ACX's 106%.
DBRACX
-0.29over 26 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 | DBR | ACX |
|---|---|---|
| Max drawdown (400d) | -46.1% | -73.4% |
| Risk-adjusted return (90d) | -0.10 | 0.09 |
Relative strength over 90 days: ACX outperformed DBR by 43.6% — measured on the DBR/ACX ratio, so it holds regardless of market direction.