Lorenzo Protocol (BANK) is 36.3× the size of Persistence One (XPRT) by market capitalisation. Over the past 1 year, BANK is ahead by 30.0 percentage points (BANK -54.0% against XPRT -84.0%). Their daily returns move barely together (correlation 0.03 across 323 shared trading days). XPRT has been the more volatile of the two, at 257% annualised against BANK's 208%.
BANKXPRT
0.03over 323 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 | BANK | XPRT |
|---|---|---|
| Max drawdown (400d) | -93.8% | -95.7% |
| Risk-adjusted return (90d) | -0.39 | 0.33 |
| Best 30 days (past year) | — | +275.2% |
| Worst 30 days (past year) | — | -78.2% |
Relative strength over 90 days: XPRT outperformed BANK by 66.1% — measured on the BANK/XPRT ratio, so it holds regardless of market direction.