Medibloc (MED) is 1.3× the size of Dynachain (DYNA) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 183 shared trading days). DYNA has been the more volatile of the two, at 166% annualised against MED's 72%.
DYNAMED
0.06over 183 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 | DYNA | MED |
|---|---|---|
| Max drawdown (400d) | -64.3% | -75.6% |
| Risk-adjusted return (90d) | 0.37 | 0.33 |
Relative strength over 90 days: DYNA outperformed MED by 114.5% — measured on the DYNA/MED ratio, so it holds regardless of market direction.