Fleshcoin (FLESH) and Bordrless (BORDR) compared side by side. Over the past 30 days, FLESH is ahead by 31.2 percentage points (FLESH -68.2% against BORDR -99.5%). Their daily returns move barely together (correlation 0.01 across 21 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against FLESH's 316%.
FLESHBORDR
0.01over 21 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 | FLESH | BORDR |
|---|---|---|
| Max drawdown (400d) | -76.6% | -99.8% |
| Risk-adjusted return (90d) | -0.22 | -0.10 |
Relative strength over 90 days: FLESH outperformed BORDR by 563.1% — measured on the FLESH/BORDR ratio, so it holds regardless of market direction.