Venice Token (VVV) is 6288.9× the size of 0xMonk by Virtuals (MONK) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 31 shared trading days). VVV has been the more volatile of the two, at 169% annualised against MONK's 105%.
MONKVVV
0.54over 31 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 | MONK | VVV |
|---|---|---|
| Max drawdown (400d) | -47.4% | -29.6% |
| Risk-adjusted return (90d) | -0.21 | 0.50 |
Relative strength over 90 days: VVV outperformed MONK by 42.7% — measured on the MONK/VVV ratio, so it holds regardless of market direction.