Physis vs Bitcoin

Physis (PHY) and Bitcoin (BTC) compared side by side. Their daily returns move loosely together (correlation 0.40 across 32 shared trading days). Both have run at a similar volatility, around 47% annualised.

Correlation: 0.40

PhysisPHY

$0.056027

24h: +0.10%
Market cap: —
Volume 24h: $767
Volatility (ann.): 50%

BitcoinBTC

$80,278.98

24h: +4.78%
Market cap: $1.62T
Volume 24h: $39.76B
Volatility (ann.): 44%

PHY 0.0%Share of the two combined market caps100.0% BTC

Performance

PHYBTC

7 days-1.36%-1.03%BTC
30 days-8.41%-6.14%BTC
90 days—+25.15%—
1 year—-20.68%—

Correlation

0.40over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4390d: 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	PHY	BTC
Max drawdown (400d)	-10.9%	-53.0%
Risk-adjusted return (90d)	-0.09	0.63
Best 30 days (past year)	—	+26.8%
Worst 30 days (past year)	—	-32.9%

Relative strength over 90 days: PHY outperformed BTC by 0.6% — measured on the PHY/BTC ratio, so it holds regardless of market direction.

Physis →Bitcoin →