MAGIKAL.ai (MGKL) and BNB (BNB) compared side by side. Over the past 1 year, BNB is ahead by 32.7 percentage points (MGKL -62.4% against BNB -29.7%). Their daily returns move barely together (correlation 0.28 across 369 shared trading days). MGKL has been the more volatile of the two, at 133% annualised against BNB's 51%.
MGKLBNB
0.28over 369 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 | MGKL | BNB |
|---|---|---|
| Max drawdown (400d) | -76.9% | -58.2% |
| Risk-adjusted return (90d) | -0.55 | 0.45 |
| Best 30 days (past year) | +200.0% | +29.4% |
| Worst 30 days (past year) | -66.7% | -34.9% |
Relative strength over 90 days: BNB outperformed MGKL by 76.3% — measured on the MGKL/BNB ratio, so it holds regardless of market direction.