XIIID (XIIID) is 3.0× the size of EDUM (EDUM) by market capitalisation. Over the past 30 days, EDUM is ahead by 9.2 percentage points (EDUM -4.2% against XIIID -13.3%). Their daily returns move barely together (correlation 0.09 across 29 shared trading days). XIIID has been the more volatile of the two, at 109% annualised against EDUM's 28%.
EDUMXIIID
0.09over 29 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 | EDUM | XIIID |
|---|---|---|
| Max drawdown (400d) | -8.6% | -31.5% |
| Risk-adjusted return (90d) | -0.15 | -0.17 |
Relative strength over 90 days: XIIID outperformed EDUM by 6.2% — measured on the EDUM/XIIID ratio, so it holds regardless of market direction.