BNB (BNB) is 12718602.5× the size of Unstable States Dollar (USD) by market capitalisation. Their daily returns move barely together (correlation 0.13 across 21 shared trading days). Both have run at a similar volatility, around 50% annualised.
USDBNB
0.13over 21 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 | USD | BNB |
|---|---|---|
| Max drawdown (400d) | -17.2% | -58.2% |
| Risk-adjusted return (90d) | -0.22 | 0.54 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BNB outperformed USD by 2.0% — measured on the USD/BNB ratio, so it holds regardless of market direction.