XRP (XRP) is 11621396.5× the size of Capizen (CAPI) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 106 shared trading days). CAPI has been the more volatile of the two, at 165% annualised against XRP's 65%.
CAPIXRP
0.44over 106 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 | CAPI | XRP |
|---|---|---|
| Max drawdown (400d) | -85.9% | -67.3% |
| Risk-adjusted return (90d) | -0.50 | 0.37 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed CAPI by 52.9% — measured on the CAPI/XRP ratio, so it holds regardless of market direction.