BNB (BNB) is 99093.5× the size of Saito (SAITO) by market capitalisation. Over the past 1 year, BNB is ahead by 61.4 percentage points (SAITO -91.1% against BNB -29.7%). Their daily returns move barely together (correlation 0.17 across 373 shared trading days). SAITO has been the more volatile of the two, at 102% annualised against BNB's 51%.
SAITOBNB
0.17over 373 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 | SAITO | BNB |
|---|---|---|
| Max drawdown (400d) | -91.8% | -58.2% |
| Risk-adjusted return (90d) | -0.05 | 0.45 |
| Best 30 days (past year) | +85.6% | +29.4% |
| Worst 30 days (past year) | -54.9% | -34.9% |
Relative strength over 90 days: BNB outperformed SAITO by 22.7% — measured on the SAITO/BNB ratio, so it holds regardless of market direction.