Venice Token (VVV) is 17395.0× the size of 2DAI.io (2DAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 25 shared trading days). 2DAI has been the more volatile of the two, at 396% annualised against VVV's 169%.
2DAIVVV
-0.20over 25 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 | 2DAI | VVV |
|---|---|---|
| Max drawdown (400d) | -81.2% | -29.6% |
| Risk-adjusted return (90d) | 0.91 | 0.50 |
Relative strength over 90 days: VVV outperformed 2DAI by 59.5% — measured on the 2DAI/VVV ratio, so it holds regardless of market direction.