币安人生 (BinanceLife) (币安人生) is 14514.6× the size of Belong (LONG) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 40 shared trading days). LONG has been the more volatile of the two, at 1055% annualised against 币安人生's 171%.
LONG币安人生
0.09over 40 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 | LONG | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -79.7% | -84.5% |
| Risk-adjusted return (90d) | -0.02 | -0.08 |
Relative strength over 90 days: 币安人生 outperformed LONG by 19.0% — measured on the LONG/币安人生 ratio, so it holds regardless of market direction.