BUILDon (B) is 12.2× the size of 4 (4) by market capitalisation. Over the past 30 days, B is ahead by 68.7 percentage points (4 -100.0% against B -31.3%). Their daily returns move loosely together (correlation 0.50 across 27 shared trading days). 4 has been the more volatile of the two, at 442% annualised against B's 137%.
4B
0.50over 27 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 | 4 | B |
|---|---|---|
| Max drawdown (400d) | -100.0% | -50.5% |
| Risk-adjusted return (90d) | -0.23 | -0.10 |
Relative strength over 90 days: B outperformed 4 by 100.0% — measured on the 4/B ratio, so it holds regardless of market direction.