XRP (XRP) is 280.9× the size of Gnosis (GNO) by market capitalisation. Over the past 1 year, GNO is ahead by 34.3 percentage points (GNO -18.6% against XRP -52.8%). Their daily returns move closely together (correlation 0.72 across 399 shared trading days). Both have run at a similar volatility, around 63% annualised.
| Period | GNO | XRP | Ahead |
|---|---|---|---|
| 7 days | +1.05% | +3.23% | XRP |
| 30 days | -4.52% | +11.22% | XRP |
| 90 days | +11.61% | +25.39% | XRP |
| 1 year | -18.55% | -52.83% | GNO |
| Metric | GNO | XRP |
|---|---|---|
| Max drawdown (400d) | -42.5% | -68.2% |
| Risk-adjusted return (90d) | 0.28 | 0.38 |
| Best 30 days (past year) | +29.3% | +41.9% |
| Worst 30 days (past year) | -32.7% | -47.3% |
Relative strength over 90 days: XRP outperformed GNO by 11.0% — measured on the GNO/XRP ratio, so it holds regardless of market direction.
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.