UpRock vs Beldex

Beldex (BDX) is 1022.2× the size of UpRock (UPT) by market capitalisation. Over the past 30 days, BDX is ahead by 2.7 percentage points (UPT -7.7% against BDX -5.0%). Their daily returns move barely in opposite directions (correlation -0.05 across 24 shared trading days). BDX has been the more volatile of the two, at 64% annualised against UPT's 16%.

Correlation: -0.05
Size ratio: 1 : 1022.2
Ahead over 30 days: BDX

UpRockUPT

$0.001582

24h: -0.06%
Market cap: $557,852
Volume 24h: $649
Volatility (ann.): 16%

BeldexBDX

$0.072421

24h: +0.66%
Market cap: $570.21M
Volume 24h: $9.74M
Volatility (ann.): 64%

UPT 0.1%Share of the two combined market caps99.9% BDX

Performance

UPTBDX

7 days-2.78%-2.65%BDX
30 days-7.69%-4.95%BDX

Correlation

-0.05over 24 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	UPT	BDX
Max drawdown (400d)	-9.5%	-20.8%
Risk-adjusted return (90d)	-0.47	-0.15

Relative strength over 90 days: UPT outperformed BDX by 15.4% — measured on the UPT/BDX ratio, so it holds regardless of market direction.

UpRock →Beldex →