IMPT (IMPT) is 26.2× the size of XELS (XELS) by market capitalisation. Over the past 1 year, IMPT is ahead by 17.5 percentage points (XELS -71.6% against IMPT -54.1%). Their daily returns move barely together (correlation 0.05 across 362 shared trading days). IMPT has been the more volatile of the two, at 85% annualised against XELS's 50%.
XELSIMPT
0.05over 362 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 | XELS | IMPT |
|---|---|---|
| Max drawdown (400d) | -78.2% | -79.3% |
| Risk-adjusted return (90d) | -0.80 | 0.23 |
| Best 30 days (past year) | — | +88.2% |
| Worst 30 days (past year) | — | -53.0% |
Relative strength over 90 days: IMPT outperformed XELS by 68.8% — measured on the XELS/IMPT ratio, so it holds regardless of market direction.