SNX-USD vs. BNB-USD
SNX-USD (SynthetixNetworkToken) and BNB-USD (Binance Coin) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -54.34%/yr vs 8.84%/yr for BNB-USD. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
SNX-USD vs. BNB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNX-USD achieves a -34.41% return, which is significantly lower than BNB-USD's -24.34% return.
SNX-USD
- 1D
- -6.62%
- 1M
- -15.16%
- YTD
- -34.41%
- 6M
- -51.19%
- 1Y
- -62.02%
- 3Y*
- -51.50%
- 5Y*
- -54.34%
- 10Y*
- —
BNB-USD
- 1D
- -5.64%
- 1M
- 5.86%
- YTD
- -24.34%
- 6M
- -25.48%
- 1Y
- -1.92%
- 3Y*
- 28.67%
- 5Y*
- 8.84%
- 10Y*
- —
SNX-USD vs. BNB-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -34.41% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.94% |
BNB-USD Binance Coin | -24.34% | 23.21% | 124.36% | 26.83% | -51.86% | 1,277.47% | 170.06% | 126.63% | -40.00% |
Correlation
The correlation between SNX-USD and BNB-USD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2018 | 0.51 |
The correlation between SNX-USD and BNB-USD shifts across timeframes, from 0.51 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SNX-USD vs. BNB-USD — Risk / Return Rank
SNX-USD
BNB-USD
SNX-USD vs. BNB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-USD) and Binance Coin (BNB-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SNX-USD | BNB-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | -0.04 | -0.41 |
Sortino ratioReturn per unit of downside risk | -0.18 | 0.33 | -0.50 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.04 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.85 | +0.03 |
Martin ratioReturn relative to average drawdown | -0.95 | -1.16 | +0.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SNX-USD | BNB-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | -0.04 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.15 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 1.00 | -1.05 |
Drawdowns
SNX-USD vs. BNB-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.01%, which is greater than BNB-USD's maximum drawdown of -79.74%. Use the drawdown chart below to compare losses from any high point for SNX-USD and BNB-USD.
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Drawdown Indicators
| SNX-USD | BNB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -79.74% | -19.27% |
Max Drawdown (1Y)Largest decline over 1 year | -88.27% | -55.39% | -32.88% |
Max Drawdown (3Y)Largest decline over 3 years | -94.73% | -55.39% | -39.34% |
Max Drawdown (5Y)Largest decline over 5 years | -98.21% | -69.89% | -28.32% |
Current DrawdownCurrent decline from peak | -99.01% | -50.03% | -48.98% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -38.64% | -34.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.81% | 40.73% | +36.08% |
Volatility
SNX-USD vs. BNB-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 17.15% compared to Binance Coin (BNB-USD) at 14.72%. This indicates that SNX-USD's price experiences larger fluctuations and is considered to be riskier than BNB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNX-USD | BNB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.15% | 14.72% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 33.79% | +24.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 116.18% | 43.84% | +72.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.21% | 50.73% | +50.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.60% | 80.15% | +37.45% |
Frequently Asked Questions
SNX-USD and BNB-USD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (17.15%) compared to BNB-USD (14.72%). In terms of maximum drawdown, SNX-USD dropped -99.01% vs BNB-USD's -79.74%.
BNB-USD currently has the higher Sharpe Ratio (-0.04 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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