Venice Token (VVV) is 11744.5× the size of Aurra by Virtuals (AURA) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 38 shared trading days). AURA has been the more volatile of the two, at 243% annualised against VVV's 169%.
AURAVVV
0.20over 38 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 | AURA | VVV |
|---|---|---|
| Max drawdown (400d) | -73.0% | -29.6% |
| Risk-adjusted return (90d) | -0.08 | 0.50 |
Relative strength over 90 days: VVV outperformed AURA by 31.6% — measured on the AURA/VVV ratio, so it holds regardless of market direction.