Siren vs BUILDon

BUILDon (B) is 5.7× the size of Siren (SIREN) by market capitalisation. Over the past 30 days, SIREN is ahead by 17.6 percentage points (SIREN -13.6% against B -31.3%). Their daily returns move barely in opposite directions (correlation -0.08 across 34 shared trading days). SIREN has been the more volatile of the two, at 342% annualised against B's 137%.

Correlation: -0.08
Size ratio: 1 : 5.7
Ahead over 30 days: SIREN

SirenSIREN

$0.030756

24h: -6.29%
Market cap: $22.23M
Volume 24h: $1.43M
Volatility (ann.): 342%

BUILDonB

$0.127748

24h: +2.45%
Market cap: $127.75M
Volume 24h: $4.47M
Volatility (ann.): 137%

SIREN 14.8%Share of the two combined market caps85.2% B

Performance

SIRENB

7 days-28.01%-3.78%B
30 days-13.63%-31.28%SIREN

Correlation

-0.08over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	SIREN	B
Max drawdown (400d)	-39.3%	-50.5%
Risk-adjusted return (90d)	-0.04	-0.10

Relative strength over 90 days: B outperformed SIREN by 8.8% — measured on the SIREN/B ratio, so it holds regardless of market direction.

Siren →BUILDon →