Wingbits vs Beldex

Beldex (BDX) is 275.8× the size of Wingbits (WINGS) by market capitalisation. Over the past 30 days, BDX is ahead by 36.5 percentage points (WINGS -42.0% against BDX -5.5%). Their daily returns move barely together (correlation 0.10 across 30 shared trading days). WINGS has been the more volatile of the two, at 111% annualised against BDX's 65%.

Correlation: 0.10
Size ratio: 1 : 275.8
Ahead over 30 days: BDX

WingbitsWINGS

$0.002122

24h: +2.05%
Market cap: $2.09M
Volume 24h: $102,920
Volatility (ann.): 111%

BeldexBDX

$0.073257

24h: +0.69%
Market cap: $576.65M
Volume 24h: $9.47M
Volatility (ann.): 65%

WINGS 0.4%Share of the two combined market caps99.6% BDX

Performance

WINGSBDX

7 days-16.86%-2.71%BDX
30 days-41.98%-5.49%BDX

Correlation

0.10over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	WINGS	BDX
Max drawdown (400d)	-50.6%	-20.8%
Risk-adjusted return (90d)	-0.39	-0.15

Relative strength over 90 days: BDX outperformed WINGS by 37.5% — measured on the WINGS/BDX ratio, so it holds regardless of market direction.

Wingbits →Beldex →