XRP (XRP) is 1022.6× the size of Pleasing Gold (PGOLD) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 25 shared trading days). PGOLD has been the more volatile of the two, at 7751% annualised against XRP's 66%.
| Period | PGOLD | XRP | Ahead |
|---|---|---|---|
| 7 days | -2.28% | +3.23% | XRP |
| 30 days | +741.84% | +11.22% | PGOLD |
| 90 days | — | +25.39% | — |
| 1 year | — | -52.83% | — |
| Metric | PGOLD | XRP |
|---|---|---|
| Max drawdown (400d) | -59.0% | -68.2% |
| Risk-adjusted return (90d) | 0.10 | 0.38 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: PGOLD outperformed XRP by 550.6% — measured on the PGOLD/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.