BNB (BNB) is 10.6× the size of USDS (USDS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 163 shared trading days). BNB has been the more volatile of the two, at 52% annualised against USDS's 0%.
| Period | BNB | USDS | Ahead |
|---|---|---|---|
| 7 days | +4.76% | +0.02% | BNB |
| 30 days | +21.32% | -0.01% | BNB |
| 90 days | +29.47% | -0.04% | BNB |
| 1 year | -22.40% | — | — |
| Metric | BNB | USDS |
|---|---|---|
| Max drawdown (400d) | -58.2% | -0.2% |
| Risk-adjusted return (90d) | 0.85 | -0.11 |
| Best 30 days (past year) | +29.4% | — |
| Worst 30 days (past year) | -34.9% | — |
Relative strength over 90 days: BNB outperformed USDS by 29.5% — measured on the BNB/USDS 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.