XRP (XRP) is 33773.2× the size of Safemars (SAFEMARS) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 37 shared trading days). SAFEMARS has been the more volatile of the two, at 103% annualised against XRP's 65%.
SAFEMARSXRP
0.52over 37 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 | SAFEMARS | XRP |
|---|---|---|
| Max drawdown (400d) | -35.8% | -67.3% |
| Risk-adjusted return (90d) | -0.35 | 0.29 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed SAFEMARS by 31.7% — measured on the SAFEMARS/XRP ratio, so it holds regardless of market direction.