Beldex (BDX) is 1294.6× the size of Nibiru (NIBI) by market capitalisation. Their daily returns move loosely together (correlation 0.37 across 35 shared trading days). NIBI has been the more volatile of the two, at 96% annualised against BDX's 65%.
NIBIBDX
0.37over 35 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 | NIBI | BDX |
|---|---|---|
| Max drawdown (400d) | -96.7% | -20.8% |
| Risk-adjusted return (90d) | -0.72 | -0.15 |
Relative strength over 90 days: NIBI outperformed BDX by 3.9% — measured on the NIBI/BDX ratio, so it holds regardless of market direction.