HUD vs BNB
HUD (HUD) and BNB (BNB) compared side by side. Their daily returns move loosely together (correlation 0.35 across 24 shared trading days). HUD has been the more volatile of the two, at 119% annualised against BNB's 50%.
- Correlation
- 0.35
HUD (HUD) and BNB (BNB) compared side by side. Their daily returns move loosely together (correlation 0.35 across 24 shared trading days). HUD has been the more volatile of the two, at 119% annualised against BNB's 50%.
HUDBNB
0.35over 24 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 | HUD | BNB |
|---|---|---|
| Max drawdown (400d) | -62.7% | -58.2% |
| Risk-adjusted return (90d) | -0.53 | 0.54 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed HUD by 59.3% — measured on the HUD/BNB ratio, so it holds regardless of market direction.