XCarnival (XCV) and BNB (BNB) compared side by side. Over the past 1 year, BNB is ahead by 55.9 percentage points (XCV -79.0% against BNB -23.1%). Their daily returns move barely together (correlation 0.08 across 369 shared trading days). Both have run at a similar volatility, around 52% annualised.
XCVBNB
0.08over 369 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 | XCV | BNB |
|---|---|---|
| Max drawdown (400d) | -83.0% | -58.2% |
| Risk-adjusted return (90d) | -1.14 | 0.54 |
| Best 30 days (past year) | +33.4% | +29.4% |
| Worst 30 days (past year) | -41.0% | -34.9% |
Relative strength over 90 days: BNB outperformed XCV by 54.8% — measured on the XCV/BNB ratio, so it holds regardless of market direction.