BNB (BNB) is 34781.7× the size of Bloom Energy (bStocks Tokenized Stock) (BEB) by market capitalisation. Their daily returns move barely together (correlation 0.25 across 53 shared trading days). BEB has been the more volatile of the two, at 118% annualised against BNB's 52%.
| Period | BEB | BNB | Ahead |
|---|---|---|---|
| 7 days | -1.82% | +4.73% | BNB |
| 30 days | +32.69% | +16.37% | BEB |
| 90 days | — | +30.43% | — |
| 1 year | — | -22.57% | — |
| Metric | BEB | BNB |
|---|---|---|
| Max drawdown (400d) | -17.4% | -58.2% |
| Risk-adjusted return (90d) | 0.52 | 0.88 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BEB outperformed BNB by 21.1% — measured on the BEB/BNB 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.