0xMonk by Virtuals vs Velvet

Velvet (VELVET) is 148.6× the size of 0xMonk by Virtuals (MONK) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 29 shared trading days). VELVET has been the more volatile of the two, at 157% annualised against MONK's 105%.

Correlation: 0.54
Size ratio: 1 : 148.6

0xMonk by VirtualsMONK

$0.000162

24h: +3.69%
Market cap: $162,305
Volume 24h: $8
Volatility (ann.): 105%

VelvetVELVET

$0.052003

24h: +0.20%
Market cap: $24.11M
Volume 24h: $2.95M
Volatility (ann.): 157%

MONK 0.7%Share of the two combined market caps99.3% VELVET

Performance

MONKVELVET

7 days-25.94%-15.10%VELVET
30 days-23.03%-29.71%MONK
90 days-23.89%——

Correlation

0.54over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	MONK	VELVET
Max drawdown (400d)	-47.4%	-53.5%
Risk-adjusted return (90d)	-0.21	-0.30

Relative strength over 90 days: MONK outperformed VELVET by 47.7% — measured on the MONK/VELVET ratio, so it holds regardless of market direction.

0xMonk by Virtuals →Velvet →