XRP (XRP) is 38300.0× the size of Electra Protocol (XEP) by market capitalisation. Over the past 1 year, XEP is ahead by 4.2 percentage points (XEP -40.5% against XRP -44.7%). Their daily returns move barely together (correlation 0.16 across 373 shared trading days). XEP has been the more volatile of the two, at 106% annualised against XRP's 65%.
XEPXRP
0.16over 373 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 | XEP | XRP |
|---|---|---|
| Max drawdown (400d) | -62.0% | -67.3% |
| Risk-adjusted return (90d) | -0.14 | 0.29 |
| Best 30 days (past year) | +54.6% | +41.9% |
| Worst 30 days (past year) | -37.5% | -47.3% |
Relative strength over 90 days: XRP outperformed XEP by 27.0% — measured on the XEP/XRP ratio, so it holds regardless of market direction.