BlackDragon (BDT) and XRP (XRP) compared side by side. Over the past 1 year, BDT is ahead by 4.2 percentage points (BDT -40.6% against XRP -44.7%). Their daily returns move barely together (correlation 0.13 across 362 shared trading days). BDT has been the more volatile of the two, at 89% annualised against XRP's 65%.
BDTXRP
0.13over 362 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 | BDT | XRP |
|---|---|---|
| Max drawdown (400d) | -50.6% | -67.3% |
| Risk-adjusted return (90d) | -0.14 | 0.29 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed BDT by 41.8% — measured on the BDT/XRP ratio, so it holds regardless of market direction.