币安人生 (BinanceLife) (币安人生) is 17621.1× the size of 道德經 (Tao Te Ching) (道德經) by market capitalisation. Their daily returns move barely together (correlation 0.03 across 33 shared trading days). 币安人生 has been the more volatile of the two, at 171% annualised against 道德經's 100%.
道德經币安人生
0.03over 33 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 | 道德經 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -46.7% | -84.5% |
| Risk-adjusted return (90d) | -0.47 | -0.08 |
Relative strength over 90 days: 币安人生 outperformed 道德經 by 43.5% — measured on the 道德經/币安人生 ratio, so it holds regardless of market direction.