Virtuals Protocol (VIRTUAL) is 12951.1× the size of Aleister (ALEISTER) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 28 shared trading days). VIRTUAL has been the more volatile of the two, at 119% annualised against ALEISTER's 44%.
ALEISTERVIRTUAL
0.06over 28 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 | ALEISTER | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -20.4% | -71.7% |
| Risk-adjusted return (90d) | -0.43 | 0.00 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: ALEISTER outperformed VIRTUAL by 13.0% — measured on the ALEISTER/VIRTUAL ratio, so it holds regardless of market direction.