Six Sigma vs BNB
BNB (BNB) is 259293.1× the size of Six Sigma (SIX) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 181 shared trading days). SIX has been the more volatile of the two, at 128% annualised against BNB's 51%.
Performance
| Period | SIX | BNB | Ahead |
|---|---|---|---|
| 7 days | +9.71% | -0.64% | SIX |
| 30 days | -15.61% | +12.99% | BNB |
| 90 days | -75.93% | +34.50% | BNB |
| 1 year | — | -24.82% | — |
Risk & extremes
| Metric | SIX | BNB |
|---|---|---|
| Max drawdown (400d) | -99.0% | -58.2% |
| Risk-adjusted return (90d) | -0.59 | 1.01 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed SIX by 81.2% — measured on the SIX/BNB ratio, so it holds regardless of market direction.
Correlation
0.30over 181 shared trading days
7d: insufficient data30d: 0.4190d: 0.201y: insufficient data
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.