Ethernity Cloud vs Beldex

Beldex (BDX) is 1921.6× the size of Ethernity Cloud (ECLD) by market capitalisation. Over the past 30 days, ECLD is ahead by 1.6 percentage points (ECLD -3.4% against BDX -5.0%). Their daily returns move closely together (correlation 0.62 across 20 shared trading days). ECLD has been the more volatile of the two, at 76% annualised against BDX's 64%.

Correlation: 0.62
Size ratio: 1 : 1921.6
Ahead over 30 days: ECLD

Ethernity CloudECLD

$0.000559

24h: +4.73%
Market cap: $298,547
Volume 24h: $92
Volatility (ann.): 76%

BeldexBDX

$0.072881

24h: -0.83%
Market cap: $573.69M
Volume 24h: $9.11M
Volatility (ann.): 64%

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

Performance

ECLDBDX

7 days+18.10%-2.65%ECLD
30 days-3.36%-4.95%ECLD

Correlation

0.62over 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	ECLD	BDX
Max drawdown (400d)	-21.7%	-20.8%
Risk-adjusted return (90d)	-0.04	-0.15

Relative strength over 90 days: ECLD outperformed BDX by 29.5% — measured on the ECLD/BDX ratio, so it holds regardless of market direction.

Ethernity Cloud →Beldex →