Virtuals Protocol (VIRTUAL) is 477.6× the size of 4EVERLAND (4EVER) by market capitalisation. Over the past 1 year, VIRTUAL is ahead by 27.2 percentage points (4EVER -86.8% against VIRTUAL -59.6%). Their daily returns move barely together (correlation 0.17 across 368 shared trading days). VIRTUAL has been the more volatile of the two, at 119% annualised against 4EVER's 100%.
4EVERVIRTUAL
0.17over 368 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 | 4EVER | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -96.3% | -71.7% |
| Risk-adjusted return (90d) | 1.23 | 0.04 |
| Best 30 days (past year) | +94.7% | +47.4% |
| Worst 30 days (past year) | -65.1% | -54.7% |
Relative strength over 90 days: 4EVER outperformed VIRTUAL by 118.4% — measured on the 4EVER/VIRTUAL ratio, so it holds regardless of market direction.