Bitcoin (BTC) is 27116172.5× the size of Market Making Pro (MMPRO) by market capitalisation. Over the past 1 year, BTC is ahead by 71.1 percentage points (MMPRO -91.8% against BTC -20.7%). Their daily returns move barely in opposite directions (correlation -0.03 across 372 shared trading days). MMPRO has been the more volatile of the two, at 146% annualised against BTC's 44%.
MMPROBTC
-0.03over 372 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 | MMPRO | BTC |
|---|---|---|
| Max drawdown (400d) | -96.1% | -53.0% |
| Risk-adjusted return (90d) | -0.45 | 0.63 |
| Best 30 days (past year) | +618.9% | +26.8% |
| Worst 30 days (past year) | -90.3% | -32.9% |
Relative strength over 90 days: BTC outperformed MMPRO by 95.6% — measured on the MMPRO/BTC ratio, so it holds regardless of market direction.