EQ9 vs XRP
EQ9 (EQ9) and XRP (XRP) compared side by side. Their daily returns move loosely together (correlation 0.40 across 22 shared trading days). EQ9 has been the more volatile of the two, at 119% annualised against XRP's 65%.
- Correlation
- 0.40
EQ9 (EQ9) and XRP (XRP) compared side by side. Their daily returns move loosely together (correlation 0.40 across 22 shared trading days). EQ9 has been the more volatile of the two, at 119% annualised against XRP's 65%.
EQ9XRP
0.40over 22 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 | EQ9 | XRP |
|---|---|---|
| Max drawdown (400d) | -14.6% | -67.3% |
| Risk-adjusted return (90d) | 0.03 | 0.29 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: EQ9 outperformed XRP by 19.8% — measured on the EQ9/XRP ratio, so it holds regardless of market direction.