币安人生 (BinanceLife) (币安人生) is 8.1× the size of 牛来 (Niu Lai) (牛来) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 57 shared trading days). Both have run at a similar volatility, around 183% annualised.
币安人生牛来
0.07over 57 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 | 币安人生 | 牛来 |
|---|---|---|
| Max drawdown (400d) | -84.5% | -60.2% |
| Risk-adjusted return (90d) | -0.07 | -0.09 |
Relative strength over 90 days: 币安人生 outperformed 牛来 by 29.3% — measured on the 币安人生/牛来 ratio, so it holds regardless of market direction.