XDC Network (XDC) is 6.1× the size of Plume (PLUME) by market capitalisation. Their daily returns move barely together (correlation 0.23 across 58 shared trading days). PLUME has been the more volatile of the two, at 107% annualised against XDC's 62%.
PLUMEXDC
0.23over 58 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 | PLUME | XDC |
|---|---|---|
| Max drawdown (400d) | -92.6% | -11.8% |
| Risk-adjusted return (90d) | 0.30 | 0.24 |
| Best 30 days (past year) | +69.0% | — |
| Worst 30 days (past year) | -62.4% | — |
Relative strength over 90 days: XDC outperformed PLUME by 2.3% — measured on the PLUME/XDC ratio, so it holds regardless of market direction.