STA vs BNB
STA (STA) and BNB (BNB) compared side by side. Their daily returns move barely together (correlation 0.16 across 25 shared trading days). BNB has been the more volatile of the two, at 50% annualised against STA's 9%.
- Correlation
- 0.16
STA (STA) and BNB (BNB) compared side by side. Their daily returns move barely together (correlation 0.16 across 25 shared trading days). BNB has been the more volatile of the two, at 50% annualised against STA's 9%.
STABNB
0.16over 25 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 | STA | BNB |
|---|---|---|
| Max drawdown (400d) | -2.7% | -58.2% |
| Risk-adjusted return (90d) | -0.29 | 0.54 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: STA outperformed BNB by 3.9% — measured on the STA/BNB ratio, so it holds regardless of market direction.