Beldex (BDX) is 139.7× the size of ROAM Token (ROAM) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 44 shared trading days). ROAM has been the more volatile of the two, at 151% annualised against BDX's 65%.
ROAMBDX
0.17over 44 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 | ROAM | BDX |
|---|---|---|
| Max drawdown (400d) | -94.8% | -20.8% |
| Risk-adjusted return (90d) | 0.37 | -0.15 |
| Best 30 days (past year) | +126.8% | — |
| Worst 30 days (past year) | -73.5% | — |
Relative strength over 90 days: ROAM outperformed BDX by 2.2% — measured on the ROAM/BDX ratio, so it holds regardless of market direction.