Virtuals Protocol (VIRTUAL) is 122.7× the size of AI Network (AIN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 40 shared trading days). Both have run at a similar volatility, around 119% annualised.
AINVIRTUAL
-0.08over 40 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 | AIN | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -13.5% | -71.7% |
| Risk-adjusted return (90d) | 0.18 | 0.04 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: AIN outperformed VIRTUAL by 37.0% — measured on the AIN/VIRTUAL ratio, so it holds regardless of market direction.