VeBetterDAO (B3TR) is 3.0× the size of SavePlanetEarth (SPE) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 29 shared trading days). Both have run at a similar volatility, around 79% annualised.
SPEB3TR
0.18over 29 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 | SPE | B3TR |
|---|---|---|
| Max drawdown (400d) | -24.1% | -93.8% |
| Risk-adjusted return (90d) | -0.26 | 0.74 |
Relative strength over 90 days: B3TR outperformed SPE by 33.5% — measured on the SPE/B3TR ratio, so it holds regardless of market direction.