LEO Token (LEO) is 1.6× the size of Bitcoin Cash (BCH) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 31 shared trading days). BCH has been the more volatile of the two, at 73% annualised against LEO's 22%.
| Period | LEO | BCH | Ahead |
|---|---|---|---|
| 7 days | -2.60% | +12.59% | BCH |
| 30 days | -3.75% | +14.25% | BCH |
| 90 days | — | +30.79% | — |
| 1 year | — | -57.56% | — |
| Metric | LEO | BCH |
|---|---|---|
| Max drawdown (400d) | -7.0% | -70.9% |
| Risk-adjusted return (90d) | -0.17 | 0.38 |
| Best 30 days (past year) | — | +31.1% |
| Worst 30 days (past year) | — | -56.8% |
Relative strength over 90 days: BCH outperformed LEO by 9.4% — measured on the LEO/BCH ratio, so it holds regardless of market direction.
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.