HashPack vs Beldex

Beldex (BDX) is 152.8× the size of HashPack (PACK) by market capitalisation. Over the past 30 days, PACK is ahead by 78.4 percentage points (PACK +73.4% against BDX -5.0%). Their daily returns move loosely together (correlation 0.52 across 21 shared trading days). PACK has been the more volatile of the two, at 117% annualised against BDX's 64%.

Correlation: 0.52
Size ratio: 1 : 152.8
Ahead over 30 days: PACK

HashPackPACK

$0.005201

24h: -0.61%
Market cap: $3.74M
Volume 24h: $21,557
Volatility (ann.): 117%

BeldexBDX

$0.072563

24h: -0.60%
Market cap: $571.33M
Volume 24h: $8.63M
Volatility (ann.): 64%

PACK 0.7%Share of the two combined market caps99.3% BDX

Performance

PACKBDX

7 days+26.67%-2.65%PACK
30 days+73.44%-4.95%PACK

Correlation

0.52over 21 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	PACK	BDX
Max drawdown (400d)	-9.8%	-20.8%
Risk-adjusted return (90d)	0.63	-0.15

Relative strength over 90 days: PACK outperformed BDX by 82.1% — measured on the PACK/BDX ratio, so it holds regardless of market direction.

HashPack →Beldex →