aixbt (AIXBT) is 482.1× the size of Bobina (BOBINA) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 36 shared trading days). BOBINA has been the more volatile of the two, at 347% annualised against AIXBT's 118%.
BOBINAAIXBT
0.01over 36 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 | BOBINA | AIXBT |
|---|---|---|
| Max drawdown (400d) | -59.1% | -85.2% |
| Risk-adjusted return (90d) | 0.04 | -0.15 |
| Best 30 days (past year) | — | +62.1% |
| Worst 30 days (past year) | — | -52.0% |
Relative strength over 90 days: BOBINA outperformed AIXBT by 69.7% — measured on the BOBINA/AIXBT ratio, so it holds regardless of market direction.