NEAR Protocol (NEAR) is 625.8× the size of MinoTari (Tari) (XTM) by market capitalisation. Over the past 1 year, NEAR is ahead by 107.6 percentage points (XTM -7.2% against NEAR +100.4%). Their daily returns move barely together (correlation 0.21 across 363 shared trading days). XTM has been the more volatile of the two, at 208% annualised against NEAR's 108%.
XTMNEAR
0.21over 363 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 | XTM | NEAR |
|---|---|---|
| Max drawdown (400d) | -95.6% | -68.7% |
| Risk-adjusted return (90d) | 1.17 | 0.98 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: XTM outperformed NEAR by 45.3% — measured on the XTM/NEAR ratio, so it holds regardless of market direction.