Bitcoin (BTC) is 15129010.2× the size of ORE Network (ORE) by market capitalisation. Their daily returns move very closely together (correlation 0.87 across 189 shared trading days). ORE has been the more volatile of the two, at 60% annualised against BTC's 44%.
OREBTC
0.87over 189 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 | ORE | BTC |
|---|---|---|
| Max drawdown (400d) | -27.8% | -53.0% |
| Risk-adjusted return (90d) | 0.55 | 0.63 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: ORE outperformed BTC by 5.9% — measured on the ORE/BTC ratio, so it holds regardless of market direction.