Ascend vs Derive

Derive (DRV) is 120.0× the size of Ascend (ASCEND) by market capitalisation. Over the past 30 days, DRV is ahead by 213.9 percentage points (ASCEND -100.0% against DRV +113.9%). Their daily returns move barely in opposite directions (correlation -0.06 across 26 shared trading days). ASCEND has been the more volatile of the two, at 27666602% annualised against DRV's 596%.

Correlation: -0.06
Size ratio: 1 : 120.0
Ahead over 30 days: DRV

AscendASCEND

$0.201394

24h: -11.58%
Market cap: $3.10M
Volume 24h: $26,672
Volatility (ann.): 27666602%

DeriveDRV

$0.350321

24h: +14.72%
Market cap: $372.04M
Volume 24h: $7.96M
Volatility (ann.): 596%

ASCEND 0.8%Share of the two combined market caps99.2% DRV

Performance

ASCENDDRV

7 days-100.00%-12.47%DRV
30 days-100.00%+113.87%DRV

Correlation

-0.06over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	ASCEND	DRV
Max drawdown (400d)	-100.0%	-32.6%
Risk-adjusted return (90d)	0.00	0.40

Relative strength over 90 days: DRV outperformed ASCEND by 100.0% — measured on the ASCEND/DRV ratio, so it holds regardless of market direction.

Ascend →Derive →