Prize Protocol vs Billions Network

Prize Protocol (PRIZE) is 5.0× the size of Billions Network (BILL) by market capitalisation. Over the past 30 days, PRIZE is ahead by 32.1 percentage points (PRIZE -9.7% against BILL -41.8%). Their daily returns move barely together (correlation 0.09 across 31 shared trading days). Both have run at a similar volatility, around 78% annualised.

Correlation: 0.09
Size ratio: 5.0×
Ahead over 30 days: PRIZE

Prize ProtocolPRIZE

$0.001064

24h: +2.54%
Market cap: $62.58M
Volume 24h: $79,263
Volatility (ann.): 83%

Billions NetworkBILL

$0.005113

24h: +0.79%
Market cap: $12.41M
Volume 24h: $2.57M
Volatility (ann.): 73%

PRIZE 83.4%Share of the two combined market caps16.6% BILL

Performance

PRIZEBILL

7 days-7.70%-15.34%PRIZE
30 days-9.72%-41.83%PRIZE

Correlation

0.09over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	PRIZE	BILL
Max drawdown (400d)	-24.6%	-43.9%
Risk-adjusted return (90d)	0.11	-0.60

Relative strength over 90 days: PRIZE outperformed BILL by 113.6% — measured on the PRIZE/BILL ratio, so it holds regardless of market direction.

Prize Protocol →Billions Network →