XRP (XRP) is 2110.4× the size of StraitsX XUSD (XUSD) by market capitalisation. Over the past 1 year, XUSD is ahead by 52.9 percentage points (XUSD +0.1% against XRP -52.8%). Their daily returns move barely in opposite directions (correlation -0.16 across 399 shared trading days). XRP has been the more volatile of the two, at 66% annualised against XUSD's 1%.
| Period | XUSD | XRP | Ahead |
|---|---|---|---|
| 7 days | +0.00% | +3.23% | XRP |
| 30 days | +0.02% | +11.22% | XRP |
| 90 days | -0.06% | +25.39% | XRP |
| 1 year | +0.08% | -52.83% | XUSD |
| Metric | XUSD | XRP |
|---|---|---|
| Max drawdown (400d) | -0.2% | -68.2% |
| Risk-adjusted return (90d) | -0.09 | 0.38 |
| Best 30 days (past year) | +0.2% | +41.9% |
| Worst 30 days (past year) | -0.1% | -47.3% |
Relative strength over 90 days: XRP outperformed XUSD by 20.3% — measured on the XUSD/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.