BNB (BNB) is 162923.2× the size of Energi (NRG) by market capitalisation. Over the past 1 year, NRG is ahead by 22.7 percentage points (NRG -7.0% against BNB -29.7%). Their daily returns move barely in opposite directions (correlation -0.01 across 370 shared trading days). NRG has been the more volatile of the two, at 708% annualised against BNB's 51%.
NRGBNB
-0.01over 370 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 | NRG | BNB |
|---|---|---|
| Max drawdown (400d) | -89.0% | -58.2% |
| Risk-adjusted return (90d) | 0.18 | 0.45 |
| Best 30 days (past year) | +302.6% | +29.4% |
| Worst 30 days (past year) | -52.3% | -34.9% |
Relative strength over 90 days: NRG outperformed BNB by 196.6% — measured on the NRG/BNB ratio, so it holds regardless of market direction.