Virtuals Protocol (VIRTUAL) is 7067.7× the size of AI Agent Layer (AIFUN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 35 shared trading days). AIFUN has been the more volatile of the two, at 330% annualised against VIRTUAL's 119%.
AIFUNVIRTUAL
-0.20over 35 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 | AIFUN | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -67.4% | -71.7% |
| Risk-adjusted return (90d) | -0.10 | 0.06 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed AIFUN by 10.9% — measured on the AIFUN/VIRTUAL ratio, so it holds regardless of market direction.