XTP vs Zebec Network

Zebec Network (ZBCN) is 33.5× the size of XTP (XTP) by market capitalisation. Over the past 30 days, ZBCN is ahead by 34.0 percentage points (XTP -22.9% against ZBCN +11.1%). Their daily returns move loosely together (correlation 0.44 across 33 shared trading days). Both have run at a similar volatility, around 101% annualised.

Correlation: 0.44
Size ratio: 1 : 33.5
Ahead over 30 days: ZBCN

XTPXTP

$0.000596

24h: -3.40%
Market cap: $5.89M
Volume 24h: $548
Volatility (ann.): 96%

Zebec NetworkZBCN

$0.001970

24h: -0.57%
Market cap: $197.00M
Volume 24h: $8.60M
Volatility (ann.): 106%

XTP 2.9%Share of the two combined market caps97.1% ZBCN

Performance

XTPZBCN

7 days-9.01%-3.68%ZBCN
30 days-22.87%+11.12%ZBCN

Correlation

0.44over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4590d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	XTP	ZBCN
Max drawdown (400d)	-28.8%	-20.8%
Risk-adjusted return (90d)	-0.25	0.23

Relative strength over 90 days: ZBCN outperformed XTP by 25.8% — measured on the XTP/ZBCN ratio, so it holds regardless of market direction.

XTP →Zebec Network →