币安人生 (BinanceLife) (币安人生) is 21.1× the size of Moonbirds (BIRB) by market capitalisation. Their daily returns move barely together (correlation 0.00 across 110 shared trading days). Both have run at a similar volatility, around 173% annualised.
BIRB币安人生
0.00over 110 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 | BIRB | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -48.8% | -84.5% |
| Risk-adjusted return (90d) | 0.23 | 0.02 |
Relative strength over 90 days: BIRB outperformed 币安人生 by 62.7% — measured on the BIRB/币安人生 ratio, so it holds regardless of market direction.