The Bull vs Degen

Degen (DEGEN) is 68.4× the size of The Bull (BULL) by market capitalisation. Over the past 30 days, DEGEN is ahead by 80.4 percentage points (BULL -98.1% against DEGEN -17.8%). Their daily returns move closely together (correlation 0.72 across 28 shared trading days). BULL has been the more volatile of the two, at 406% annualised against DEGEN's 78%.

Correlation: 0.72
Size ratio: 1 : 68.4
Ahead over 30 days: DEGEN

The BullBULL

$0.000453

24h: +1.46%
Market cap: $452,613
Volume 24h: $640
Volatility (ann.): 406%

DegenDEGEN

$0.000861

24h: -0.57%
Market cap: $30.94M
Volume 24h: $2.93M
Volatility (ann.): 78%

BULL 1.4%Share of the two combined market caps98.6% DEGEN

Performance

BULLDEGEN

7 days-97.19%-7.09%DEGEN
30 days-98.12%-17.76%DEGEN

Correlation

0.72over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: 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	BULL	DEGEN
Max drawdown (400d)	-98.1%	-26.2%
Risk-adjusted return (90d)	-0.24	-0.22

Relative strength over 90 days: DEGEN outperformed BULL by 97.7% — measured on the BULL/DEGEN ratio, so it holds regardless of market direction.

The Bull →Degen →