Umbra vs Beldex

Beldex (BDX) is 66.9× the size of Umbra (UMBRA) by market capitalisation. Over the past 30 days, UMBRA is ahead by 14.3 percentage points (UMBRA +8.8% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.10 across 21 shared trading days). UMBRA has been the more volatile of the two, at 135% annualised against BDX's 65%.

Correlation: -0.10
Size ratio: 1 : 66.9
Ahead over 30 days: UMBRA

UmbraUMBRA

$0.619372

24h: +12.01%
Market cap: $8.57M
Volume 24h: $555,383
Volatility (ann.): 135%

BeldexBDX

$0.072785

24h: +1.00%
Market cap: $573.26M
Volume 24h: $9.95M
Volatility (ann.): 65%

UMBRA 1.5%Share of the two combined market caps98.5% BDX

Performance

UMBRABDX

7 days+23.83%-2.71%UMBRA
30 days+8.78%-5.49%UMBRA

Correlation

-0.10over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	UMBRA	BDX
Max drawdown (400d)	-24.7%	-20.8%
Risk-adjusted return (90d)	0.07	-0.15

Relative strength over 90 days: UMBRA outperformed BDX by 16.0% — measured on the UMBRA/BDX ratio, so it holds regardless of market direction.

Umbra →Beldex →