Virtuals Protocol (VIRTUAL) is 29765.8× the size of AthenaX9 (AIX9) by market capitalisation. Over the past 1 year, VIRTUAL is ahead by 37.8 percentage points (AIX9 -97.3% against VIRTUAL -59.5%). Their daily returns move barely together (correlation 0.11 across 364 shared trading days). AIX9 has been the more volatile of the two, at 201% annualised against VIRTUAL's 119%.
AIX9VIRTUAL
0.11over 364 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 | AIX9 | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -97.3% | -71.7% |
| Risk-adjusted return (90d) | -0.21 | 0.00 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed AIX9 by 76.5% — measured on the AIX9/VIRTUAL ratio, so it holds regardless of market direction.