IOTA (IOTA) is 435.4× the size of Xerberus (XER) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 181 shared trading days). XER has been the more volatile of the two, at 113% annualised against IOTA's 76%.
XERIOTA
0.54over 181 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 | XER | IOTA |
|---|---|---|
| Max drawdown (400d) | -91.7% | -83.5% |
| Risk-adjusted return (90d) | -0.54 | 0.21 |
| Best 30 days (past year) | — | +51.5% |
| Worst 30 days (past year) | — | -45.9% |
Relative strength over 90 days: IOTA outperformed XER by 33.6% — measured on the XER/IOTA ratio, so it holds regardless of market direction.