Whitecoin (XWC) and Beldex (BDX) compared side by side. Over the past 30 days, BDX is ahead by 94.5 percentage points (XWC -100.0% against BDX -5.5%). Their daily returns move closely together (correlation 0.82 across 22 shared trading days). XWC has been the more volatile of the two, at 382% annualised against BDX's 65%.
XWCBDX
0.82over 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 | XWC | BDX |
|---|---|---|
| Max drawdown (400d) | -100.0% | -20.8% |
| Risk-adjusted return (90d) | -0.26 | -0.15 |
Relative strength over 90 days: BDX outperformed XWC by 100.0% — measured on the XWC/BDX ratio, so it holds regardless of market direction.