NASDANQ vs Degen

Degen (DEGEN) is 124.0× the size of NASDANQ (NASDANQ) by market capitalisation. Over the past 30 days, DEGEN is ahead by 56.9 percentage points (NASDANQ -74.7% against DEGEN -17.8%). Their daily returns move barely together (correlation 0.13 across 32 shared trading days). NASDANQ has been the more volatile of the two, at 28400% annualised against DEGEN's 78%.

Correlation: 0.13
Size ratio: 1 : 124.0
Ahead over 30 days: DEGEN

NASDANQNASDANQ

$0.000257

24h: -5.11%
Market cap: $256,824
Volume 24h: $7,441
Volatility (ann.): 28400%

DegenDEGEN

$0.000887

24h: +3.10%
Market cap: $31.83M
Volume 24h: $3.35M
Volatility (ann.): 78%

NASDANQ 0.8%Share of the two combined market caps99.2% DEGEN

Performance

NASDANQDEGEN

7 days-79.35%-7.09%DEGEN
30 days-74.68%-17.76%DEGEN

Correlation

0.13over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	NASDANQ	DEGEN
Max drawdown (400d)	-99.9%	-26.2%
Risk-adjusted return (90d)	0.00	-0.22

Relative strength over 90 days: DEGEN outperformed NASDANQ by 88.9% — measured on the NASDANQ/DEGEN ratio, so it holds regardless of market direction.

NASDANQ →Degen →