XRP (XRP) is 4097.6× the size of ElevateFi (EFI) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 41 shared trading days). EFI has been the more volatile of the two, at 312% annualised against XRP's 65%.
EFIXRP
0.35over 41 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 | EFI | XRP |
|---|---|---|
| Max drawdown (400d) | -80.7% | -67.3% |
| Risk-adjusted return (90d) | -0.20 | 0.29 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed EFI by 59.7% — measured on the EFI/XRP ratio, so it holds regardless of market direction.