Bitcoin (BTC) is 514301.2× the size of GMCoin (GMCOIN) by market capitalisation. Their daily returns move very closely together (correlation 0.90 across 31 shared trading days). Both have run at a similar volatility, around 46% annualised.
GMCOINBTC
0.90over 31 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 | GMCOIN | BTC |
|---|---|---|
| Max drawdown (400d) | -7.8% | -53.0% |
| Risk-adjusted return (90d) | 0.00 | 0.51 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: BTC outperformed GMCOIN by 7.2% — measured on the GMCOIN/BTC ratio, so it holds regardless of market direction.