Kaspa vs Beldex

Kaspa (KAS) is 1.6× the size of Beldex (BDX) by market capitalisation. Over the past 30 days, BDX is ahead by 1.1 percentage points (KAS -6.0% against BDX -5.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 59 shared trading days). KAS has been the more volatile of the two, at 106% annualised against BDX's 64%.

Correlation: -0.14
Size ratio: 1.6×
Ahead over 30 days: BDX

KaspaKAS

$0.032162

24h: +5.97%
Market cap: $893.89M
Volume 24h: $13.71M
Volatility (ann.): 106%

BeldexBDX

$0.072719

24h: +0.89%
Market cap: $572.43M
Volume 24h: $9.83M
Volatility (ann.): 64%

KAS 61.0%Share of the two combined market caps39.0% BDX

Performance

KASBDX

7 days-13.57%-2.65%BDX
30 days-6.03%-4.95%BDX

Correlation

-0.14over 59 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	KAS	BDX
Max drawdown (400d)	-34.1%	-20.8%
Risk-adjusted return (90d)	0.21	-0.15

Relative strength over 90 days: KAS outperformed BDX by 35.1% — measured on the KAS/BDX ratio, so it holds regardless of market direction.

Kaspa →Beldex →