币安人生 (BinanceLife) (币安人生) is 53708.3× the size of 小蚂蚁 (Little Ant) (小蚂蚁) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.72 across 20 shared trading days). 币安人生 has been the more volatile of the two, at 171% annualised against 小蚂蚁's 37%.
小蚂蚁币安人生
-0.72over 20 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 | 小蚂蚁 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -14.7% | -84.5% |
| Risk-adjusted return (90d) | — | -0.07 |
Relative strength over 90 days: 币安人生 outperformed 小蚂蚁 by 17.3% — measured on the 小蚂蚁/币安人生 ratio, so it holds regardless of market direction.