BNB (BNB) is 238000.5× the size of Treecle (TRCL) by market capitalisation. Over the past 1 year, TRCL is ahead by 97.3 percentage points (TRCL +67.6% against BNB -29.7%). Their daily returns move barely together (correlation 0.16 across 363 shared trading days). TRCL has been the more volatile of the two, at 176% annualised against BNB's 51%.
TRCLBNB
0.16over 363 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 | TRCL | BNB |
|---|---|---|
| Max drawdown (400d) | -68.1% | -58.2% |
| Risk-adjusted return (90d) | 0.81 | 0.45 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: TRCL outperformed BNB by 128.4% — measured on the TRCL/BNB ratio, so it holds regardless of market direction.