BNB (BNB) is 7241336.0× the size of UNITE THE KINGDOM (UTK) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 240 shared trading days). UTK has been the more volatile of the two, at 88% annualised against BNB's 52%.
| Period | UTK | BNB | Ahead |
|---|---|---|---|
| 7 days | +2.69% | +4.73% | BNB |
| 30 days | -27.28% | +16.37% | BNB |
| 90 days | -48.94% | +30.43% | BNB |
| 1 year | — | -22.57% | — |
| Metric | UTK | BNB |
|---|---|---|
| Max drawdown (400d) | -82.0% | -58.2% |
| Risk-adjusted return (90d) | -0.52 | 0.88 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed UTK by 21.6% — measured on the UTK/BNB ratio, so it holds regardless of market direction.
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.