MultiversX (EGLD) is 766.2× the size of RYFT (RYFT) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 33 shared trading days). RYFT has been the more volatile of the two, at 300% annualised against EGLD's 89%.
RYFTEGLD
0.05over 33 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 | RYFT | EGLD |
|---|---|---|
| Max drawdown (400d) | -48.7% | -82.3% |
| Risk-adjusted return (90d) | -0.09 | 0.20 |
| Best 30 days (past year) | — | +95.7% |
| Worst 30 days (past year) | — | -41.5% |
Relative strength over 90 days: EGLD outperformed RYFT by 3.5% — measured on the RYFT/EGLD ratio, so it holds regardless of market direction.