Rollbit Coin (RLB) is 4340.8× the size of DeHive (DHV) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 46 shared trading days). DHV has been the more volatile of the two, at 134% annualised against RLB's 54%.
DHVRLB
0.47over 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 | DHV | RLB |
|---|---|---|
| Max drawdown (400d) | -92.2% | -17.6% |
| Risk-adjusted return (90d) | -0.49 | 0.00 |
| Best 30 days (past year) | +92.5% | — |
| Worst 30 days (past year) | -86.4% | — |
Relative strength over 90 days: RLB outperformed DHV by 85.7% — measured on the DHV/RLB ratio, so it holds regardless of market direction.