The Interfold vs Beldex

Beldex (BDX) is 42.5× the size of The Interfold (FOLD) by market capitalisation. Over the past 30 days, BDX is ahead by 18.4 percentage points (FOLD -23.8% against BDX -5.5%). Their daily returns move barely together (correlation 0.28 across 32 shared trading days). FOLD has been the more volatile of the two, at 145% annualised against BDX's 65%.

Correlation: 0.28
Size ratio: 1 : 42.5
Ahead over 30 days: BDX

The InterfoldFOLD

$0.039570

24h: -4.63%
Market cap: $13.52M
Volume 24h: $1.72M
Volatility (ann.): 145%

BeldexBDX

$0.073007

24h: +0.84%
Market cap: $574.69M
Volume 24h: $9.02M
Volatility (ann.): 65%

FOLD 2.3%Share of the two combined market caps97.7% BDX

Performance

FOLDBDX

7 days-17.57%-2.71%BDX
30 days-23.84%-5.49%BDX

Correlation

0.28over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	FOLD	BDX
Max drawdown (400d)	-56.9%	-20.8%
Risk-adjusted return (90d)	-0.36	-0.15

Relative strength over 90 days: BDX outperformed FOLD by 48.2% — measured on the FOLD/BDX ratio, so it holds regardless of market direction.

The Interfold →Beldex →