Capricorn vs Derive

Derive (DRV) is 23.0× the size of Capricorn (APR) by market capitalisation. Over the past 30 days, DRV is ahead by 187.0 percentage points (APR -73.2% against DRV +113.9%). Their daily returns move barely together (correlation 0.03 across 46 shared trading days). DRV has been the more volatile of the two, at 596% annualised against APR's 361%.

Correlation: 0.03
Size ratio: 1 : 23.0
Ahead over 30 days: DRV

CapricornAPR

$0.039741

24h: -22.29%
Market cap: $15.98M
Volume 24h: $5.38M
Volatility (ann.): 361%

DeriveDRV

$0.346637

24h: +8.50%
Market cap: $368.26M
Volume 24h: $7.56M
Volatility (ann.): 596%

APR 4.2%Share of the two combined market caps95.8% DRV

Performance

APRDRV

7 days-17.70%-12.47%DRV
30 days-73.17%+113.87%DRV

Correlation

0.03over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	APR	DRV
Max drawdown (400d)	-91.6%	-32.6%
Risk-adjusted return (90d)	-0.23	0.40

Relative strength over 90 days: DRV outperformed APR by 93.2% — measured on the APR/DRV ratio, so it holds regardless of market direction.

Capricorn →Derive →