Stellar (XLM) is 21894.2× the size of STAYNEX (STAY) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 101 shared trading days). STAY has been the more volatile of the two, at 212% annualised against XLM's 78%.
STAYXLM
0.11over 101 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 | STAY | XLM |
|---|---|---|
| Max drawdown (400d) | -89.3% | -64.9% |
| Risk-adjusted return (90d) | -0.29 | -0.07 |
| Best 30 days (past year) | — | +63.3% |
| Worst 30 days (past year) | — | -39.7% |
Relative strength over 90 days: XLM outperformed STAY by 54.9% — measured on the STAY/XLM ratio, so it holds regardless of market direction.