Bitcoin (BTC) is 56918635.0× the size of Hashtagger (MOOO) by market capitalisation. Over the past 1 year, BTC is ahead by 11.5 percentage points (MOOO -38.2% against BTC -26.8%). Their daily returns move barely together (correlation 0.07 across 363 shared trading days). Both have run at a similar volatility, around 44% annualised.
MOOOBTC
0.07over 363 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 | MOOO | BTC |
|---|---|---|
| Max drawdown (400d) | -44.4% | -53.0% |
| Risk-adjusted return (90d) | -0.68 | 0.42 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: BTC outperformed MOOO by 49.1% — measured on the MOOO/BTC ratio, so it holds regardless of market direction.