Venice Token (VVV) is 32290.6× the size of AIVeronica by Virtuals (AIV) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 32 shared trading days). VVV has been the more volatile of the two, at 168% annualised against AIV's 118%.
AIVVVV
0.53over 32 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 | AIV | VVV |
|---|---|---|
| Max drawdown (400d) | -44.4% | -31.1% |
| Risk-adjusted return (90d) | -0.04 | 0.45 |
Relative strength over 90 days: VVV outperformed AIV by 41.0% — measured on the AIV/VVV ratio, so it holds regardless of market direction.