NEAR Protocol (NEAR) is 516211.8× the size of Build4 (B4) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 34 shared trading days). NEAR has been the more volatile of the two, at 109% annualised against B4's 84%.
B4NEAR
-0.13over 34 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 | B4 | NEAR |
|---|---|---|
| Max drawdown (400d) | -37.0% | -68.7% |
| Risk-adjusted return (90d) | -0.37 | 1.01 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: NEAR outperformed B4 by 9.9% — measured on the B4/NEAR ratio, so it holds regardless of market direction.