Venice Token (VVV) is 17.2× the size of Allora (ALLO) by market capitalisation. Their daily returns move closely together (correlation 0.67 across 58 shared trading days). ALLO has been the more volatile of the two, at 203% annualised against VVV's 170%.
ALLOVVV
0.67over 58 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 | ALLO | VVV |
|---|---|---|
| Max drawdown (400d) | -88.9% | -29.6% |
| Risk-adjusted return (90d) | -0.49 | 0.54 |
Relative strength over 90 days: VVV outperformed ALLO by 68.5% — measured on the ALLO/VVV ratio, so it holds regardless of market direction.