Batic vs BNB
Batic (BAT) and BNB (BNB) compared side by side. Their daily returns move barely together (correlation 0.27 across 34 shared trading days). Both have run at a similar volatility, around 52% annualised.
- Correlation
- 0.27
Batic (BAT) and BNB (BNB) compared side by side. Their daily returns move barely together (correlation 0.27 across 34 shared trading days). Both have run at a similar volatility, around 52% annualised.
BATBNB
0.27over 34 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 | BAT | BNB |
|---|---|---|
| Max drawdown (400d) | -34.1% | -58.2% |
| Risk-adjusted return (90d) | -0.63 | 0.45 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed BAT by 26.0% — measured on the BAT/BNB ratio, so it holds regardless of market direction.