XIIID (XIIID) is 14.6× the size of Edu3Labs (NFE) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 31 shared trading days). NFE has been the more volatile of the two, at 230% annualised against XIIID's 109%.
NFEXIIID
0.12over 31 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 | NFE | XIIID |
|---|---|---|
| Max drawdown (400d) | -84.9% | -31.5% |
| Risk-adjusted return (90d) | 0.10 | -0.15 |
Relative strength over 90 days: NFE outperformed XIIID by 61.2% — measured on the NFE/XIIID ratio, so it holds regardless of market direction.