Asset X has an expected return of 10% and a standard deviation of returns equal to 5%. Asset Y has an expected return of 10% and a standard deviation of returns equal to 10%.

1. Using mean variance analysis, which asset is riskier?
2. If the covariance between X and Y is -40, what is the correlation between X and Y? (Use all numbers as whole numbers. Do not convert percentages to decimals)