xHashtag (XTAG) and NEAR Protocol (NEAR) compared side by side. Over the past 1 year, NEAR is ahead by 194.2 percentage points (XTAG -93.7% against NEAR +100.4%). Their daily returns move barely together (correlation 0.07 across 367 shared trading days). XTAG has been the more volatile of the two, at 224% annualised against NEAR's 108%.
XTAGNEAR
0.07over 367 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 | XTAG | NEAR |
|---|---|---|
| Max drawdown (400d) | -98.0% | -68.7% |
| Risk-adjusted return (90d) | 0.83 | 0.98 |
| Best 30 days (past year) | +83.2% | +195.3% |
| Worst 30 days (past year) | -84.0% | -48.1% |
Relative strength over 90 days: XTAG outperformed NEAR by 29.3% — measured on the XTAG/NEAR ratio, so it holds regardless of market direction.