Solana (SOL) is 25941.9× the size of Electra Protocol (XEP) by market capitalisation. Over the past 1 year, XEP is ahead by 3.6 percentage points (XEP -40.5% against SOL -44.1%). Their daily returns move barely together (correlation 0.17 across 373 shared trading days). XEP has been the more volatile of the two, at 106% annualised against SOL's 66%.
XEPSOL
0.17over 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 | SOL |
|---|---|---|
| Max drawdown (400d) | -62.0% | -73.5% |
| Risk-adjusted return (90d) | -0.14 | 0.44 |
| Best 30 days (past year) | +54.6% | +47.8% |
| Worst 30 days (past year) | -37.5% | -46.1% |
Relative strength over 90 days: SOL outperformed XEP by 29.0% — measured on the XEP/SOL ratio, so it holds regardless of market direction.