Naka Bodhi (NBOT) and BNB (BNB) compared side by side. Over the past 1 year, NBOT is ahead by 91.5 percentage points (NBOT +68.4% against BNB -23.1%). Their daily returns move barely in opposite directions (correlation -0.12 across 362 shared trading days). NBOT has been the more volatile of the two, at 119% annualised against BNB's 50%.
NBOTBNB
-0.12over 362 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 | NBOT | BNB |
|---|---|---|
| Max drawdown (400d) | -46.0% | -58.2% |
| Risk-adjusted return (90d) | -0.61 | 0.54 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed NBOT by 60.9% — measured on the NBOT/BNB ratio, so it holds regardless of market direction.