Drift Protocol (DRIFT) is 65.9× the size of Xraders (XR) by market capitalisation. Over the past 1 year, XR is ahead by 11.5 percentage points (XR -86.7% against DRIFT -98.2%). Their daily returns move barely together (correlation 0.06 across 365 shared trading days). DRIFT has been the more volatile of the two, at 144% annualised against XR's 108%.
XRDRIFT
0.06over 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 | XR | DRIFT |
|---|---|---|
| Max drawdown (400d) | -87.9% | -98.8% |
| Risk-adjusted return (90d) | -0.97 | -0.05 |
| Best 30 days (past year) | — | +91.2% |
| Worst 30 days (past year) | — | -66.9% |
Relative strength over 90 days: DRIFT outperformed XR by 55.7% — measured on the XR/DRIFT ratio, so it holds regardless of market direction.