Beldex (BDX) is 6.5× the size of peaq (PEAQ) by market capitalisation. Over the past 30 days, PEAQ is ahead by 26.2 percentage points (PEAQ +20.7% against BDX -5.5%). Their daily returns move barely together (correlation 0.13 across 52 shared trading days). PEAQ has been the more volatile of the two, at 159% annualised against BDX's 65%.
PEAQBDX
0.13over 52 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 | PEAQ | BDX |
|---|---|---|
| Max drawdown (400d) | -33.1% | -20.8% |
| Risk-adjusted return (90d) | 0.44 | -0.15 |
Relative strength over 90 days: PEAQ outperformed BDX by 92.4% — measured on the PEAQ/BDX ratio, so it holds regardless of market direction.