Sapling vs Bordrless

Sapling (SAPLING) is 67.0× the size of Bordrless (BORDR) by market capitalisation. Over the past 30 days, SAPLING is ahead by 77.0 percentage points (SAPLING -22.4% against BORDR -99.5%). Their daily returns move loosely together (correlation 0.49 across 35 shared trading days). SAPLING has been the more volatile of the two, at 5228% annualised against BORDR's 944%.

Correlation: 0.49
Size ratio: 67.0×
Ahead over 30 days: SAPLING

SaplingSAPLING

$0.001804

24h: -37.72%
Market cap: $1.38M
Volume 24h: $303,704
Volatility (ann.): 5228%

BordrlessBORDR

$2.055e-5

24h: +23.32%
Market cap: $20,548
Volume 24h: $1.10M
Volatility (ann.): 944%

SAPLING 98.5%Share of the two combined market caps1.5% BORDR

Performance

SAPLINGBORDR

7 days-44.66%-10.80%BORDR
30 days-22.44%-99.45%SAPLING

Correlation

0.49over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	SAPLING	BORDR
Max drawdown (400d)	-73.6%	-99.8%
Risk-adjusted return (90d)	0.20	-0.10

Relative strength over 90 days: SAPLING outperformed BORDR by 4002.0% — measured on the SAPLING/BORDR ratio, so it holds regardless of market direction.

Sapling →Bordrless →