Tapout ($TAPOUT) and Bordrless (BORDR) compared side by side. Over the past 30 days, $TAPOUT is ahead by 65.9 percentage points ($TAPOUT -33.5% against BORDR -99.5%). Their daily returns move closely together (correlation 0.64 across 21 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against $TAPOUT's 66%.
$TAPOUTBORDR
0.64over 21 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 | $TAPOUT | BORDR |
|---|---|---|
| Max drawdown (400d) | -36.2% | -99.8% |
| Risk-adjusted return (90d) | -0.51 | -0.10 |
Relative strength over 90 days: $TAPOUT outperformed BORDR by 1930.7% — measured on the $TAPOUT/BORDR ratio, so it holds regardless of market direction.