BNB (BNB) is 41854.7× the size of Mongol NFT (MNFT) by market capitalisation. Over the past 1 year, MNFT is ahead by 98.3 percentage points (MNFT +68.5% against BNB -29.7%). Their daily returns move barely together (correlation 0.09 across 363 shared trading days). MNFT has been the more volatile of the two, at 124% annualised against BNB's 51%.
MNFTBNB
0.09over 363 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 | MNFT | BNB |
|---|---|---|
| Max drawdown (400d) | -44.9% | -58.2% |
| Risk-adjusted return (90d) | -0.09 | 0.45 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed MNFT by 39.9% — measured on the MNFT/BNB ratio, so it holds regardless of market direction.