Gridcoin vs Beldex

Beldex (BDX) is 196.5× the size of Gridcoin (GRC) by market capitalisation. Over the past 30 days, GRC is ahead by 213.5 percentage points (GRC +208.0% against BDX -5.5%). Their daily returns move closely together (correlation 0.62 across 22 shared trading days). GRC has been the more volatile of the two, at 418% annualised against BDX's 65%.

Correlation: 0.62
Size ratio: 1 : 196.5
Ahead over 30 days: GRC

GridcoinGRC

$0.005794

24h: -1.61%
Market cap: $2.93M
Volume 24h: $626
Volatility (ann.): 418%

BeldexBDX

$0.073199

24h: +0.17%
Market cap: $576.20M
Volume 24h: $9.43M
Volatility (ann.): 65%

GRC 0.5%Share of the two combined market caps99.5% BDX

Performance

GRCBDX

7 days-42.56%-2.71%BDX
30 days+208.03%-5.49%GRC

Correlation

0.62over 22 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	GRC	BDX
Max drawdown (400d)	-52.9%	-20.8%
Risk-adjusted return (90d)	0.50	-0.15

Relative strength over 90 days: GRC outperformed BDX by 223.3% — measured on the GRC/BDX ratio, so it holds regardless of market direction.

Gridcoin →Beldex →