BNB (BNB) is 562703.8× the size of BABB (BAX) by market capitalisation. Over the past 1 year, BNB is ahead by 51.2 percentage points (BAX -80.9% against BNB -29.7%). Their daily returns move barely together (correlation 0.05 across 364 shared trading days). BAX has been the more volatile of the two, at 224% annualised against BNB's 51%.
BAXBNB
0.05over 364 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 | BAX | BNB |
|---|---|---|
| Max drawdown (400d) | -97.2% | -58.2% |
| Risk-adjusted return (90d) | -0.19 | 0.45 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed BAX by 74.4% — measured on the BAX/BNB ratio, so it holds regardless of market direction.