DexNet vs Grass

Grass (GRASS) is 44.6× the size of DexNet (DEXNET) by market capitalisation. Over the past 30 days, GRASS is ahead by 80.7 percentage points (DEXNET -8.3% against GRASS +72.4%). Their daily returns move barely in opposite directions (correlation -0.34 across 31 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against DEXNET's 155%.

Correlation: -0.34
Size ratio: 1 : 44.6
Ahead over 30 days: GRASS

DexNetDEXNET

$0.004803

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

GrassGRASS

$0.588613

24h: +2.03%
Market cap: $424.82M
Volume 24h: $20.41M
Volatility (ann.): 213%

DEXNET 2.2%Share of the two combined market caps97.8% GRASS

Performance

DEXNETGRASS

7 days+12.97%-23.53%DEXNET
30 days-8.27%+72.43%GRASS

Correlation

-0.34over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3490d: 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	GRASS
Max drawdown (400d)	-40.8%	-25.3%
Risk-adjusted return (90d)	-0.21	0.35

Relative strength over 90 days: GRASS outperformed DEXNET by 57.8% — measured on the DEXNET/GRASS ratio, so it holds regardless of market direction.

DexNet →Grass →