Bitcoin (BTC) is 5290.6× the size of Decred (DCR) by market capitalisation. Over the past 1 year, DCR is ahead by 32.4 percentage points (DCR +2.6% against BTC -29.7%). Their daily returns move barely together (correlation 0.31 across 399 shared trading days). DCR has been the more volatile of the two, at 125% annualised against BTC's 44%.
| Period | DCR | BTC | Ahead |
|---|---|---|---|
| 7 days | +8.32% | +5.14% | DCR |
| 30 days | +41.56% | +11.26% | DCR |
| 90 days | +52.31% | +28.33% | DCR |
| 1 year | +2.65% | -29.73% | DCR |
| Metric | DCR | BTC |
|---|---|---|
| Max drawdown (400d) | -75.5% | -53.0% |
| Risk-adjusted return (90d) | 0.66 | 0.74 |
| Best 30 days (past year) | +136.9% | +26.8% |
| Worst 30 days (past year) | -53.6% | -32.9% |
Relative strength over 90 days: DCR outperformed BTC by 18.7% — measured on the DCR/BTC ratio, so it holds regardless of market direction.
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.