Epix vs Beldex

Beldex (BDX) is 1953.2× the size of Epix (EPIX) by market capitalisation. Over the past 30 days, EPIX is ahead by 14.6 percentage points (EPIX +9.1% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.26 across 20 shared trading days). EPIX has been the more volatile of the two, at 77% annualised against BDX's 65%.

Correlation: -0.26
Size ratio: 1 : 1953.2
Ahead over 30 days: EPIX

EpixEPIX

$2.808e-5

24h: -0.48%
Market cap: $297,349
Volume 24h: $147
Volatility (ann.): 77%

BeldexBDX

$0.073783

24h: +1.70%
Market cap: $580.80M
Volume 24h: $10.41M
Volatility (ann.): 65%

EPIX 0.1%Share of the two combined market caps99.9% BDX

Performance

EPIXBDX

7 days-15.14%-2.71%BDX
30 days+9.09%-5.49%EPIX

Correlation

-0.26over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	EPIX	BDX
Max drawdown (400d)	-21.9%	-20.8%
Risk-adjusted return (90d)	0.12	-0.15

Relative strength over 90 days: EPIX outperformed BDX by 34.9% — measured on the EPIX/BDX ratio, so it holds regardless of market direction.

Epix →Beldex →