Overtime (OVER) is 67.4× the size of Xraders (XR) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 33 shared trading days). XR has been the more volatile of the two, at 108% annualised against OVER's 36%.
XROVER
0.40over 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 | OVER |
|---|---|---|
| Max drawdown (400d) | -87.9% | -20.9% |
| Risk-adjusted return (90d) | -0.97 | -0.50 |
Relative strength over 90 days: OVER outperformed XR by 42.2% — measured on the XR/OVER ratio, so it holds regardless of market direction.