XRP (XRP) is 372195.6× the size of Pine (PINE) by market capitalisation. Over the past 1 year, XRP is ahead by 20.5 percentage points (PINE -61.3% against XRP -40.8%). Their daily returns move barely together (correlation 0.26 across 370 shared trading days). XRP has been the more volatile of the two, at 65% annualised against PINE's 55%.
PINEXRP
0.26over 370 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 | PINE | XRP |
|---|---|---|
| Max drawdown (400d) | -64.9% | -67.3% |
| Risk-adjusted return (90d) | -0.57 | 0.37 |
| Best 30 days (past year) | +18.9% | +41.9% |
| Worst 30 days (past year) | -38.4% | -47.3% |
Relative strength over 90 days: XRP outperformed PINE by 47.8% — measured on the PINE/XRP ratio, so it holds regardless of market direction.