BNB (BNB) is 448.0× the size of THORChain (RUNE) by market capitalisation. Over the past 1 year, RUNE is ahead by 10.6 percentage points (RUNE -19.2% against BNB -29.7%). Their daily returns move loosely together (correlation 0.60 across 399 shared trading days). RUNE has been the more volatile of the two, at 75% annualised against BNB's 51%.
RUNEBNB
0.60over 399 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 | RUNE | BNB |
|---|---|---|
| Max drawdown (400d) | -73.7% | -58.2% |
| Risk-adjusted return (90d) | 0.50 | 0.45 |
| Best 30 days (past year) | +66.7% | +29.4% |
| Worst 30 days (past year) | -42.7% | -34.9% |
Relative strength over 90 days: RUNE outperformed BNB by 20.8% — measured on the RUNE/BNB ratio, so it holds regardless of market direction.