Ondo (ONDO) is 1330.1× the size of xMoney (XMN) by market capitalisation. Over the past 1 year, ONDO is ahead by 62.9 percentage points (XMN -99.4% against ONDO -36.5%). Their daily returns move barely together (correlation 0.04 across 365 shared trading days). XMN has been the more volatile of the two, at 243% annualised against ONDO's 95%.
XMNONDO
0.04over 365 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 | XMN | ONDO |
|---|---|---|
| Max drawdown (400d) | -99.6% | -76.6% |
| Risk-adjusted return (90d) | -0.23 | 0.04 |
| Best 30 days (past year) | — | +76.6% |
| Worst 30 days (past year) | — | -50.8% |
Relative strength over 90 days: ONDO outperformed XMN by 72.1% — measured on the XMN/ONDO ratio, so it holds regardless of market direction.