BNB (BNB) is 654380.8× the size of DevvE (DEVVE) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.57 across 82 shared trading days). DEVVE has been the more volatile of the two, at 288% annualised against BNB's 50%.
DEVVEBNB
-0.57over 82 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 | DEVVE | BNB |
|---|---|---|
| Max drawdown (400d) | -99.6% | -58.2% |
| Risk-adjusted return (90d) | -0.35 | 0.54 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed DEVVE by 99.5% — measured on the DEVVE/BNB ratio, so it holds regardless of market direction.