Beldex (BDX) is 9950.6× the size of 深脑链 (深脑链) by market capitalisation. Over the past 30 days, BDX is ahead by 7.0 percentage points (深脑链 -11.9% against BDX -5.0%). Their daily returns move barely together (correlation 0.04 across 20 shared trading days). BDX has been the more volatile of the two, at 64% annualised against 深脑链's 38%.
深脑链BDX
0.04over 20 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 | 深脑链 | BDX |
|---|---|---|
| Max drawdown (400d) | -12.4% | -20.8% |
| Risk-adjusted return (90d) | -0.31 | -0.15 |
Relative strength over 90 days: 深脑链 outperformed BDX by 17.3% — measured on the 深脑链/BDX ratio, so it holds regardless of market direction.