Qubit vs Beldex

Beldex (BDX) is 8155.6× the size of Qubit (QBIT) by market capitalisation. Over the past 30 days, BDX is ahead by 1.3 percentage points (QBIT -6.3% against BDX -5.0%). Their daily returns move loosely in opposite directions (correlation -0.39 across 21 shared trading days). BDX has been the more volatile of the two, at 64% annualised against QBIT's 52%.

Correlation: -0.39
Size ratio: 1 : 8155.6
Ahead over 30 days: BDX

QubitQBIT

$6.962e-5

24h: +7.47%
Market cap: $69,616
Volume 24h: $27
Volatility (ann.): 52%

BeldexBDX

$0.072127

24h: -0.67%
Market cap: $567.76M
Volume 24h: $8.36M
Volatility (ann.): 64%

QBIT 0.0%Share of the two combined market caps100.0% BDX

Performance

QBITBDX

7 days+5.27%-2.65%QBIT
30 days-6.27%-4.95%BDX

Correlation

-0.39over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	QBIT	BDX
Max drawdown (400d)	-13.4%	-20.8%
Risk-adjusted return (90d)	-0.12	-0.15

Relative strength over 90 days: QBIT outperformed BDX by 23.5% — measured on the QBIT/BDX ratio, so it holds regardless of market direction.

Qubit →Beldex →