TRON (TRX) is 596127.9× the size of DFX Finance (DFX) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 81 shared trading days). DFX has been the more volatile of the two, at 258% annualised against TRX's 26%.
DFXTRX
0.27over 81 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 | DFX | TRX |
|---|---|---|
| Max drawdown (400d) | -97.3% | -22.1% |
| Risk-adjusted return (90d) | -0.37 | -0.07 |
| Best 30 days (past year) | — | +16.1% |
| Worst 30 days (past year) | — | -13.8% |
Relative strength over 90 days: TRX outperformed DFX by 96.6% — measured on the DFX/TRX ratio, so it holds regardless of market direction.