币安人生 (BinanceLife) (币安人生) is 1070.3× the size of 雪球 (Snowball) (雪球) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 39 shared trading days). 雪球 has been the more volatile of the two, at 208% annualised against 币安人生's 172%.
雪球币安人生
0.01over 39 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 | 雪球 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -70.6% | -84.5% |
| Risk-adjusted return (90d) | -0.23 | 0.02 |
Relative strength over 90 days: 币安人生 outperformed 雪球 by 51.7% — measured on the 雪球/币安人生 ratio, so it holds regardless of market direction.