aixbt (AIXBT) is 288.8× the size of BONG (BONG) by market capitalisation. Their daily returns move closely together (correlation 0.64 across 22 shared trading days). AIXBT has been the more volatile of the two, at 118% annualised against BONG's 34%.
BONGAIXBT
0.64over 22 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 | BONG | AIXBT |
|---|---|---|
| Max drawdown (400d) | -13.6% | -84.5% |
| Risk-adjusted return (90d) | -0.38 | -0.07 |
| Best 30 days (past year) | — | +62.1% |
| Worst 30 days (past year) | — | -52.0% |
Relative strength over 90 days: BONG outperformed AIXBT by 20.8% — measured on the BONG/AIXBT ratio, so it holds regardless of market direction.