Virtuals Protocol (VIRTUAL) is 5.7× the size of Allora (ALLO) by market capitalisation. Over the past 1 year, VIRTUAL is ahead by 6.4 percentage points (ALLO -66.0% against VIRTUAL -59.6%). Their daily returns move barely together (correlation 0.08 across 358 shared trading days). ALLO has been the more volatile of the two, at 203% annualised against VIRTUAL's 119%.
ALLOVIRTUAL
0.08over 358 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 | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -88.9% | -71.7% |
| Risk-adjusted return (90d) | -0.49 | 0.04 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed ALLO by 41.8% — measured on the ALLO/VIRTUAL ratio, so it holds regardless of market direction.