Lido DAO (LDO) is 1389.3× the size of Redbrick (BRIC) by market capitalisation. Over the past 1 year, LDO is ahead by 38.1 percentage points (BRIC -90.9% against LDO -52.9%). Their daily returns move barely together (correlation 0.03 across 369 shared trading days). BRIC has been the more volatile of the two, at 375% annualised against LDO's 95%.
BRICLDO
0.03over 369 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 | BRIC | LDO |
|---|---|---|
| Max drawdown (400d) | -97.9% | -81.5% |
| Risk-adjusted return (90d) | 0.09 | 0.18 |
| Best 30 days (past year) | +165.3% | +58.2% |
| Worst 30 days (past year) | -86.3% | -51.2% |
Relative strength over 90 days: BRIC outperformed LDO by 14.3% — measured on the BRIC/LDO ratio, so it holds regardless of market direction.