Bitcoin (BTC) is 3277.1× the size of 币安人生 (BinanceLife) (币安人生) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 256 shared trading days). 币安人生 has been the more volatile of the two, at 184% annualised against BTC's 44%.
| Period | 币安人生 | BTC | Ahead |
|---|---|---|---|
| 7 days | +8.73% | +5.14% | 币安人生 |
| 30 days | +8.50% | +11.26% | BTC |
| 90 days | -26.48% | +28.33% | BTC |
| 1 year | — | -29.73% | — |
| Metric | 币安人生 | BTC |
|---|---|---|
| Max drawdown (400d) | -84.5% | -53.0% |
| Risk-adjusted return (90d) | -0.29 | 0.74 |
| Best 30 days (past year) | — | +26.8% |
| Worst 30 days (past year) | — | -32.9% |
Relative strength over 90 days: BTC outperformed 币安人生 by 42.7% — measured on the 币安人生/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.