币安人生 (BinanceLife) (币安人生) is 15201.0× the size of 老吴 (Lao Wu) (老吴) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 35 shared trading days). Both have run at a similar volatility, around 169% annualised.
老吴币安人生
-0.21over 35 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 | 老吴 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -43.1% | -84.5% |
| Risk-adjusted return (90d) | -0.22 | -0.07 |
Relative strength over 90 days: 币安人生 outperformed 老吴 by 38.9% — measured on the 老吴/币安人生 ratio, so it holds regardless of market direction.