MultiversX (EGLD) is 3336.7× the size of QudeAI Framework (QUDE) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 29 shared trading days). EGLD has been the more volatile of the two, at 90% annualised against QUDE's 45%.
QUDEEGLD
0.62over 29 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 | QUDE | EGLD |
|---|---|---|
| Max drawdown (400d) | -23.4% | -82.3% |
| Risk-adjusted return (90d) | -0.44 | 0.19 |
| Best 30 days (past year) | — | +95.7% |
| Worst 30 days (past year) | — | -41.5% |
Relative strength over 90 days: QUDE outperformed EGLD by 6.9% — measured on the QUDE/EGLD ratio, so it holds regardless of market direction.