DexNet vs Beldex

Beldex (BDX) is 59.5× the size of DexNet (DEXNET) by market capitalisation. Over the past 30 days, BDX is ahead by 2.8 percentage points (DEXNET -8.3% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.28 across 30 shared trading days). DEXNET has been the more volatile of the two, at 155% annualised against BDX's 65%.

Correlation: -0.28
Size ratio: 1 : 59.5
Ahead over 30 days: BDX

DexNetDEXNET

$0.004803

24h: +60.15%
Market cap: $9.53M
Volume 24h: $202
Volatility (ann.): 155%

BeldexBDX

$0.072049

24h: -0.71%
Market cap: $567.05M
Volume 24h: $9.57M
Volatility (ann.): 65%

DEXNET 1.7%Share of the two combined market caps98.3% BDX

Performance

DEXNETBDX

7 days+12.97%-2.71%DEXNET
30 days-8.27%-5.49%BDX

Correlation

-0.28over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	DEXNET	BDX
Max drawdown (400d)	-40.8%	-20.8%
Risk-adjusted return (90d)	-0.21	-0.15

Relative strength over 90 days: BDX outperformed DEXNET by 26.6% — measured on the DEXNET/BDX ratio, so it holds regardless of market direction.

DexNet →Beldex →