OriginTrail (TRAC) is 23064.2× the size of XOE (XOE) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 23 shared trading days). XOE has been the more volatile of the two, at 222% annualised against TRAC's 104%.
XOETRAC
0.49over 23 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 | XOE | TRAC |
|---|---|---|
| Max drawdown (400d) | -96.2% | -22.2% |
| Risk-adjusted return (90d) | -0.26 | 0.33 |
Relative strength over 90 days: TRAC outperformed XOE by 48.5% — measured on the XOE/TRAC ratio, so it holds regardless of market direction.