Stake DAO FXN vs Bedrock

Bedrock (BR) is 200.0× the size of Stake DAO FXN (SDFXN) by market capitalisation. Over the past 30 days, BR is ahead by 124.0 percentage points (SDFXN -29.8% against BR +94.1%). Their daily returns move barely together (correlation 0.30 across 30 shared trading days). BR has been the more volatile of the two, at 529% annualised against SDFXN's 148%.

Correlation: 0.30
Size ratio: 1 : 200.0
Ahead over 30 days: BR

Stake DAO FXNSDFXN

$18.3000

24h: -2.37%
Market cap: $697,557
Volume 24h: $1,960
Volatility (ann.): 148%

BedrockBR

$0.470378

24h: -1.30%
Market cap: $139.50M
Volume 24h: $3.68M
Volatility (ann.): 529%

SDFXN 0.5%Share of the two combined market caps99.5% BR

Performance

SDFXNBR

7 days-8.45%-3.07%BR
30 days-29.84%+94.11%BR

Correlation

0.30over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	SDFXN	BR
Max drawdown (400d)	-44.2%	-62.7%
Risk-adjusted return (90d)	-0.09	0.26

Relative strength over 90 days: BR outperformed SDFXN by 60.6% — measured on the SDFXN/BR ratio, so it holds regardless of market direction.

Stake DAO FXN →Bedrock →