GenesisL1 vs Beldex

Beldex (BDX) is 49.5× the size of GenesisL1 (L1) by market capitalisation. Over the past 30 days, L1 is ahead by 155.6 percentage points (L1 +150.1% against BDX -5.5%). Their daily returns move barely together (correlation 0.33 across 30 shared trading days). L1 has been the more volatile of the two, at 251% annualised against BDX's 65%.

Correlation: 0.33
Size ratio: 1 : 49.5
Ahead over 30 days: L1

GenesisL1L1

$0.282221

24h: -15.94%
Market cap: $11.97M
Volume 24h: $101,540
Volatility (ann.): 251%

BeldexBDX

$0.075278

24h: +3.21%
Market cap: $592.49M
Volume 24h: $11.90M
Volatility (ann.): 65%

L1 2.0%Share of the two combined market caps98.0% BDX

Performance

L1BDX

7 days+56.94%-2.71%L1
30 days+150.10%-5.49%L1

Correlation

0.33over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	L1	BDX
Max drawdown (400d)	-24.0%	-20.8%
Risk-adjusted return (90d)	0.57	-0.15

Relative strength over 90 days: L1 outperformed BDX by 168.4% — measured on the L1/BDX ratio, so it holds regardless of market direction.

GenesisL1 →Beldex →