Piece of Nasty Shit vs Bitcoin
Piece of Nasty Shit (PONS) and Bitcoin (BTC) compared side by side. Their daily returns move barely together (correlation 0.19 across 32 shared trading days). PONS has been the more volatile of the two, at 359% annualised against BTC's 44%.
Performance
| Period | PONS | BTC | Ahead |
|---|---|---|---|
| 7 days | -26.73% | +4.06% | BTC |
| 30 days | +62.78% | +8.51% | PONS |
| 90 days | — | +40.18% | — |
| 1 year | — | -22.95% | — |
Risk & extremes
| Metric | PONS | BTC |
|---|---|---|
| Max drawdown (400d) | -43.1% | -53.0% |
| Risk-adjusted return (90d) | 0.96 | 1.02 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: PONS outperformed BTC by 367.6% — measured on the PONS/BTC ratio, so it holds regardless of market direction.
Correlation
0.19over 32 shared trading days
7d: insufficient data30d: 0.2690d: 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.