XRP (XRP) is 7388.3× the size of Lorenzo Protocol (BANK) by market capitalisation. Over the past 1 year, BANK is ahead by 24.5 percentage points (BANK -28.4% against XRP -52.8%). Their daily returns move barely together (correlation 0.10 across 311 shared trading days). BANK has been the more volatile of the two, at 219% annualised against XRP's 66%.
| Period | BANK | XRP | Ahead |
|---|---|---|---|
| 7 days | +40.43% | +3.23% | BANK |
| 30 days | +6.58% | +11.22% | XRP |
| 90 days | +3.46% | +25.39% | XRP |
| 1 year | -28.36% | -52.83% | BANK |
| Metric | BANK | XRP |
|---|---|---|
| Max drawdown (400d) | -92.9% | -68.2% |
| Risk-adjusted return (90d) | 0.01 | 0.38 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed BANK by 17.5% — measured on the BANK/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.