Beldex (BDX) is 76.1× the size of DIMO (DIMO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 44 shared trading days). DIMO has been the more volatile of the two, at 130% annualised against BDX's 65%.
DIMOBDX
-0.22over 44 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 | DIMO | BDX |
|---|---|---|
| Max drawdown (400d) | -89.5% | -20.8% |
| Risk-adjusted return (90d) | 0.99 | -0.15 |
| Best 30 days (past year) | +171.8% | — |
| Worst 30 days (past year) | -57.5% | — |
Relative strength over 90 days: DIMO outperformed BDX by 189.2% — measured on the DIMO/BDX ratio, so it holds regardless of market direction.