MultiversX (EGLD) is 2781.8× the size of Expand (XZK) by market capitalisation. Over the past 1 year, EGLD is ahead by 38.2 percentage points (XZK -97.5% against EGLD -59.2%). Their daily returns move barely together (correlation 0.29 across 369 shared trading days). XZK has been the more volatile of the two, at 148% annualised against EGLD's 89%.
XZKEGLD
0.29over 369 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 | XZK | EGLD |
|---|---|---|
| Max drawdown (400d) | -98.6% | -82.3% |
| Risk-adjusted return (90d) | -0.42 | 0.20 |
| Best 30 days (past year) | +10.1% | +95.7% |
| Worst 30 days (past year) | -67.2% | -41.5% |
Relative strength over 90 days: EGLD outperformed XZK by 70.9% — measured on the XZK/EGLD ratio, so it holds regardless of market direction.