XRP (XRP) is 54.8× the size of Sky (SKY) by market capitalisation. Over the past 1 year, SKY is ahead by 48.4 percentage points (SKY -4.5% against XRP -52.8%). Their daily returns move loosely together (correlation 0.56 across 368 shared trading days). Both have run at a similar volatility, around 69% annualised.
| Period | SKY | XRP | Ahead |
|---|---|---|---|
| 7 days | +10.11% | +3.23% | SKY |
| 30 days | +11.67% | +11.22% | SKY |
| 90 days | +17.52% | +25.39% | XRP |
| 1 year | -4.48% | -52.83% | SKY |
| Metric | SKY | XRP |
|---|---|---|
| Max drawdown (400d) | -46.1% | -68.2% |
| Risk-adjusted return (90d) | 0.23 | 0.38 |
| Best 30 days (past year) | +59.9% | +41.9% |
| Worst 30 days (past year) | -31.0% | -47.3% |
Relative strength over 90 days: XRP outperformed SKY by 6.3% — measured on the SKY/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.