Dacxi (DXI) and XIIID (XIIID) compared side by side. Over the past 30 days, XIIID is ahead by 15.5 percentage points (DXI -28.8% against XIIID -13.3%). Their daily returns move loosely together (correlation 0.47 across 36 shared trading days). DXI has been the more volatile of the two, at 207% annualised against XIIID's 109%.
DXIXIIID
0.47over 36 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 | DXI | XIIID |
|---|---|---|
| Max drawdown (400d) | -41.4% | -31.5% |
| Risk-adjusted return (90d) | -0.16 | -0.17 |
Relative strength over 90 days: XIIID outperformed DXI by 26.2% — measured on the DXI/XIIID ratio, so it holds regardless of market direction.