LayerX vs Venice Token

Venice Token (VVV) is 3750.0× the size of LayerX (LX) by market capitalisation. Over the past 30 days, VVV is ahead by 35.3 percentage points (LX -38.1% against VVV -2.8%). Their daily returns move barely together (correlation 0.25 across 23 shared trading days). VVV has been the more volatile of the two, at 170% annualised against LX's 143%.

Correlation: 0.25
Size ratio: 1 : 3750.0
Ahead over 30 days: VVV

LayerXLX

$3.000e-5

24h: +4.16%
Market cap: $299,983
Volume 24h: $112
Volatility (ann.): 143%

Venice TokenVVV

$23.0600

24h: +3.15%
Market cap: $1.12B
Volume 24h: $48.47M
Volatility (ann.): 170%

LX 0.0%Share of the two combined market caps100.0% VVV

Performance

LXVVV

7 days-20.58%-12.69%VVV
30 days-38.07%-2.78%VVV

Correlation

0.25over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	LX	VVV
Max drawdown (400d)	-44.6%	-29.6%
Risk-adjusted return (90d)	-0.28	0.54

Relative strength over 90 days: VVV outperformed LX by 24.3% — measured on the LX/VVV ratio, so it holds regardless of market direction.

LayerX →Venice Token →