Veil Token vs Beldex

Beldex (BDX) is 758.8× the size of Veil Token (VEIL) by market capitalisation. Over the past 30 days, BDX is ahead by 40.2 percentage points (VEIL -45.7% against BDX -5.5%). Their daily returns move barely together (correlation 0.29 across 28 shared trading days). VEIL has been the more volatile of the two, at 184% annualised against BDX's 65%.

Correlation: 0.29
Size ratio: 1 : 758.8
Ahead over 30 days: BDX

Veil TokenVEIL

$0.010020

24h: +0.61%
Market cap: $754,769
Volume 24h: $277
Volatility (ann.): 184%

BeldexBDX

$0.072755

24h: +0.54%
Market cap: $572.71M
Volume 24h: $10.05M
Volatility (ann.): 65%

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

Performance

VEILBDX

7 days-7.96%-2.71%BDX
30 days-45.69%-5.49%BDX

Correlation

0.29over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	VEIL	BDX
Max drawdown (400d)	-58.4%	-20.8%
Risk-adjusted return (90d)	-0.28	-0.15

Relative strength over 90 days: BDX outperformed VEIL by 47.1% — measured on the VEIL/BDX ratio, so it holds regardless of market direction.

Veil Token →Beldex →