Parasite vs Bordrless

Bordrless (BORDR) is 1.7× the size of Parasite (PARASITE) by market capitalisation. Over the past 30 days, PARASITE is ahead by 33.1 percentage points (PARASITE -66.6% against BORDR -99.7%). Their daily returns move barely in opposite directions (correlation -0.17 across 35 shared trading days). BORDR has been the more volatile of the two, at 919% annualised against PARASITE's 522%.

Correlation: -0.17
Size ratio: 1 : 1.7
Ahead over 30 days: PARASITE

ParasitePARASITE

$1.229e-5

24h: -3.22%
Market cap: $11,780
Volume 24h: $180
Volatility (ann.): 522%

BordrlessBORDR

$2.055e-5

24h: +23.32%
Market cap: $20,548
Volume 24h: $1.10M
Volatility (ann.): 919%

PARASITE 36.4%Share of the two combined market caps63.6% BORDR

Performance

PARASITEBORDR

7 days-13.70%-35.15%PARASITE
30 days-66.57%-99.72%PARASITE

Correlation

-0.17over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	PARASITE	BORDR
Max drawdown (400d)	-98.2%	-99.8%
Risk-adjusted return (90d)	-0.18	-0.11

Relative strength over 90 days: PARASITE outperformed BORDR by 644.5% — measured on the PARASITE/BORDR ratio, so it holds regardless of market direction.

Parasite →Bordrless →