BNB (BNB) is 3267305.5× the size of Samurai Starter (SAM) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 26 shared trading days). SAM has been the more volatile of the two, at 145% annualised against BNB's 50%.
SAMBNB
0.02over 26 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 | SAM | BNB |
|---|---|---|
| Max drawdown (400d) | -33.5% | -58.2% |
| Risk-adjusted return (90d) | 0.02 | 0.40 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: SAM outperformed BNB by 13.3% — measured on the SAM/BNB ratio, so it holds regardless of market direction.