Helium IOT vs Beldex

Beldex (BDX) is 263.8× the size of Helium IOT (IOT) by market capitalisation. Over the past 30 days, IOT is ahead by 11.3 percentage points (IOT +5.8% against BDX -5.5%). Their daily returns move barely together (correlation 0.15 across 24 shared trading days). IOT has been the more volatile of the two, at 368% annualised against BDX's 65%.

Correlation: 0.15
Size ratio: 1 : 263.8
Ahead over 30 days: IOT

Helium IOTIOT

$0.000106

24h: +2.22%
Market cap: $2.15M
Volume 24h: $132
Volatility (ann.): 368%

BeldexBDX

$0.072083

24h: -0.56%
Market cap: $567.41M
Volume 24h: $9.38M
Volatility (ann.): 65%

IOT 0.4%Share of the two combined market caps99.6% BDX

Performance

IOTBDX

7 days+34.44%-2.71%IOT
30 days+5.83%-5.49%IOT

Correlation

0.15over 24 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	IOT	BDX
Max drawdown (400d)	-47.5%	-20.8%
Risk-adjusted return (90d)	0.01	-0.15

Relative strength over 90 days: IOT outperformed BDX by 14.4% — measured on the IOT/BDX ratio, so it holds regardless of market direction.

Helium IOT →Beldex →