Shiba Inu (SHIB) is 93463.5× the size of Baby Neiro Token (BABYNEIRO) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 150 shared trading days). BABYNEIRO has been the more volatile of the two, at 170% annualised against SHIB's 69%.
BABYNEIROSHIB
0.46over 150 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 | BABYNEIRO | SHIB |
|---|---|---|
| Max drawdown (400d) | -64.5% | -68.0% |
| Risk-adjusted return (90d) | 0.03 | -0.04 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: BABYNEIRO outperformed SHIB by 60.0% — measured on the BABYNEIRO/SHIB ratio, so it holds regardless of market direction.