Bitcoin (BTC) is 21799.9× the size of Banana For Scale (BANANAS31) by market capitalisation. Over the past 1 year, BANANAS31 is ahead by 49.4 percentage points (BANANAS31 +19.7% against BTC -29.7%). Their daily returns move barely together (correlation 0.28 across 399 shared trading days). BANANAS31 has been the more volatile of the two, at 167% annualised against BTC's 44%.
| Period | BANANAS31 | BTC | Ahead |
|---|---|---|---|
| 7 days | +2.95% | +5.14% | BTC |
| 30 days | -11.27% | +11.26% | BTC |
| 90 days | -16.98% | +28.33% | BTC |
| 1 year | +19.68% | -29.73% | BANANAS31 |
| Metric | BANANAS31 | BTC |
|---|---|---|
| Max drawdown (400d) | -69.8% | -53.0% |
| Risk-adjusted return (90d) | -0.16 | 0.74 |
| Best 30 days (past year) | +238.8% | +26.8% |
| Worst 30 days (past year) | -55.7% | -32.9% |
Relative strength over 90 days: BTC outperformed BANANAS31 by 35.3% — measured on the BANANAS31/BTC ratio, so it holds regardless of market direction.
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.