XIIID (XIIID) is 6.5× the size of Lucrar (LCR) by market capitalisation. Over the past 30 days, LCR is ahead by 10.6 percentage points (LCR -1.6% against XIIID -12.2%). Their daily returns move barely together (correlation 0.11 across 34 shared trading days). XIIID has been the more volatile of the two, at 109% annualised against LCR's 50%.
LCRXIIID
0.11over 34 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 | LCR | XIIID |
|---|---|---|
| Max drawdown (400d) | -12.6% | -31.5% |
| Risk-adjusted return (90d) | -0.03 | -0.15 |
Relative strength over 90 days: LCR outperformed XIIID by 7.8% — measured on the LCR/XIIID ratio, so it holds regardless of market direction.