zKML vs Beldex

Beldex (BDX) is 798.2× the size of zKML (ZKML) by market capitalisation. Over the past 30 days, BDX is ahead by 0.1 percentage points (ZKML -5.6% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.18 across 28 shared trading days). ZKML has been the more volatile of the two, at 123% annualised against BDX's 65%.

Correlation: -0.18
Size ratio: 1 : 798.2
Ahead over 30 days: BDX

zKMLZKML

$0.007295

24h: -0.64%
Market cap: $718,220
Volume 24h: $240
Volatility (ann.): 123%

BeldexBDX

$0.072785

24h: +1.00%
Market cap: $573.26M
Volume 24h: $9.95M
Volatility (ann.): 65%

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

Performance

ZKMLBDX

7 days-4.73%-2.71%BDX
30 days-5.62%-5.49%BDX

Correlation

-0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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	ZKML	BDX
Max drawdown (400d)	-22.3%	-20.8%
Risk-adjusted return (90d)	-0.12	-0.15

Relative strength over 90 days: BDX outperformed ZKML by 6.7% — measured on the ZKML/BDX ratio, so it holds regardless of market direction.

zKML →Beldex →