币安人生 (BinanceLife) (币安人生) is 1096.2× the size of 老子 (Laozi) (老子) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 273 shared trading days). 老子 has been the more volatile of the two, at 293% annualised against 币安人生's 171%.
老子币安人生
-0.02over 273 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 | 老子 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -98.1% | -84.5% |
| Risk-adjusted return (90d) | -0.09 | -0.07 |
Relative strength over 90 days: 老子 outperformed 币安人生 by 7.1% — measured on the 老子/币安人生 ratio, so it holds regardless of market direction.