币安人生 (BinanceLife) (币安人生) is 9642.8× the size of 火蝴蝶 (火蝴蝶) by market capitalisation. Their daily returns move barely together (correlation 0.07 across 188 shared trading days). Both have run at a similar volatility, around 182% annualised.
火蝴蝶币安人生
0.07over 188 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 | 火蝴蝶 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -97.4% | -84.5% |
| Risk-adjusted return (90d) | 0.15 | -0.07 |
Relative strength over 90 days: 火蝴蝶 outperformed 币安人生 by 38.8% — measured on the 火蝴蝶/币安人生 ratio, so it holds regardless of market direction.