Dexsport (DESU) is 69.3× the size of Xraders (XR) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.55 across 33 shared trading days). Both have run at a similar volatility, around 116% annualised.
XRDESU
-0.55over 33 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 | XR | DESU |
|---|---|---|
| Max drawdown (400d) | -87.9% | -9.0% |
| Risk-adjusted return (90d) | -0.97 | 0.17 |
Relative strength over 90 days: DESU outperformed XR by 60.3% — measured on the XR/DESU ratio, so it holds regardless of market direction.