ValiDAO (VDO) and Beldex (BDX) compared side by side. Over the past 30 days, BDX is ahead by 2.6 percentage points (VDO -8.1% against BDX -5.5%). Their daily returns move loosely in opposite directions (correlation -0.37 across 22 shared trading days). VDO has been the more volatile of the two, at 94% annualised against BDX's 65%.
VDOBDX
-0.37over 22 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 | VDO | BDX |
|---|---|---|
| Max drawdown (400d) | -20.8% | -20.8% |
| Risk-adjusted return (90d) | -0.08 | -0.15 |
Relative strength over 90 days: VDO outperformed BDX by 15.4% — measured on the VDO/BDX ratio, so it holds regardless of market direction.