Stellar (XLM) is 13916.5× the size of Nexera (NXRA) by market capitalisation. Over the past 1 year, XLM is ahead by 54.5 percentage points (NXRA -96.2% against XLM -41.7%). Their daily returns move barely together (correlation 0.16 across 373 shared trading days). NXRA has been the more volatile of the two, at 234% annualised against XLM's 78%.
NXRAXLM
0.16over 373 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 | NXRA | XLM |
|---|---|---|
| Max drawdown (400d) | -98.5% | -64.9% |
| Risk-adjusted return (90d) | -0.21 | -0.02 |
| Best 30 days (past year) | +78.6% | +63.3% |
| Worst 30 days (past year) | -77.1% | -39.7% |
Relative strength over 90 days: XLM outperformed NXRA by 72.7% — measured on the NXRA/XLM ratio, so it holds regardless of market direction.