XMR20 (XMR20) and Bordrless (BORDR) compared side by side. Over the past 30 days, XMR20 is ahead by 28.8 percentage points (XMR20 -70.9% against BORDR -99.7%). Their daily returns move barely together (correlation 0.33 across 35 shared trading days). XMR20 has been the more volatile of the two, at 2049% annualised against BORDR's 919%.
XMR20BORDR
0.33over 35 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 | XMR20 | BORDR |
|---|---|---|
| Max drawdown (400d) | -92.2% | -99.8% |
| Risk-adjusted return (90d) | -0.04 | -0.11 |
Relative strength over 90 days: XMR20 outperformed BORDR by 1214.5% — measured on the XMR20/BORDR ratio, so it holds regardless of market direction.