XRP-USD vs. HG=F
XRP-USD (XRP) is a cryptocurrency, while HG=F (Copper) is an asset. At a 0.01 correlation, their price movements are largely independent.
Performance
XRP-USD vs. HG=F - Performance Comparison
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Returns By Period
XRP-USD
- 1D
- -0.09%
- 1M
- -18.75%
- YTD
- -37.24%
- 6M
- -44.31%
- 1Y
- -49.12%
- 3Y*
- 28.98%
- 5Y*
- 4.64%
- 10Y*
- —
HG=F
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XRP-USD vs. HG=F - Yearly Performance Comparison
Correlation
The correlation between XRP-USD and HG=F is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.01 |
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Return for Risk
XRP-USD vs. HG=F — Risk / Return Rank
XRP-USD
HG=F
XRP-USD vs. HG=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XRP (XRP-USD) and Copper (HG=F). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XRP-USD | HG=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | — | — |
| Martin ratioReturn relative to average drawdown | -1.13 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XRP-USD | HG=F | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | — | — |
Drawdowns
XRP-USD vs. HG=F - Drawdown Comparison
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Drawdown Indicators
| XRP-USD | HG=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.87% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -69.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -69.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | — | — |
Current DrawdownCurrent decline from peak | -67.51% | — | — |
Average DrawdownAverage peak-to-trough decline | -71.01% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.98% | — | — |
Volatility
XRP-USD vs. HG=F - Volatility Comparison
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Volatility by Period
| XRP-USD | HG=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 46.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.17% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.40% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.80% | — | — |
Frequently Asked Questions
XRP-USD and HG=F have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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