The Everlasting Parachain (ELP) and XRP (XRP) compared side by side. Over the past 1 year, ELP is ahead by 239.6 percentage points (ELP +198.8% against XRP -40.8%). Their daily returns move barely in opposite directions (correlation -0.17 across 373 shared trading days). ELP has been the more volatile of the two, at 2370% annualised against XRP's 65%.
ELPXRP
-0.17over 373 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 | ELP | XRP |
|---|---|---|
| Max drawdown (400d) | -95.0% | -67.3% |
| Risk-adjusted return (90d) | 0.57 | 0.37 |
| Best 30 days (past year) | +2398.8% | +41.9% |
| Worst 30 days (past year) | -81.4% | -47.3% |
Relative strength over 90 days: ELP outperformed XRP by 2284.5% — measured on the ELP/XRP ratio, so it holds regardless of market direction.