XRP (XRP) is 93.2× the size of Quant (QNT) by market capitalisation. Over the past 1 year, QNT is ahead by 17.6 percentage points (QNT -37.0% against XRP -54.6%). Their daily returns move loosely together (correlation 0.59 across 399 shared trading days). Both have run at a similar volatility, around 67% annualised.
| Period | QNT | XRP | Ahead |
|---|---|---|---|
| 7 days | -0.13% | +2.94% | XRP |
| 30 days | +7.55% | +26.25% | XRP |
| 90 days | -9.99% | +21.43% | XRP |
| 1 year | -37.00% | -54.57% | QNT |
| Metric | QNT | XRP |
|---|---|---|
| Max drawdown (400d) | -49.7% | -68.2% |
| Risk-adjusted return (90d) | -0.23 | 0.32 |
| Best 30 days (past year) | +28.3% | +41.9% |
| Worst 30 days (past year) | -31.2% | -47.3% |
Relative strength over 90 days: XRP outperformed QNT by 25.9% — measured on the QNT/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.