BNB (BNB) is 686400.2× the size of pBTC35A (PBTC35A) by market capitalisation. Over the past 1 year, PBTC35A is ahead by 14.7 percentage points (PBTC35A -13.4% against BNB -28.1%). Their daily returns move barely in opposite directions (correlation -0.06 across 372 shared trading days). BNB has been the more volatile of the two, at 50% annualised against PBTC35A's 40%.
PBTC35ABNB
-0.06over 372 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 | PBTC35A | BNB |
|---|---|---|
| Max drawdown (400d) | -28.2% | -58.2% |
| Risk-adjusted return (90d) | -0.66 | 0.40 |
| Best 30 days (past year) | +18.6% | +29.4% |
| Worst 30 days (past year) | -13.0% | -34.9% |
Relative strength over 90 days: BNB outperformed PBTC35A by 33.4% — measured on the PBTC35A/BNB ratio, so it holds regardless of market direction.