Venice Token (VVV) is 108.9× the size of Bluwhale (BLUAI) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 45 shared trading days). BLUAI has been the more volatile of the two, at 207% annualised against VVV's 169%.
BLUAIVVV
0.01over 45 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 | BLUAI | VVV |
|---|---|---|
| Max drawdown (400d) | -86.8% | -29.6% |
| Risk-adjusted return (90d) | -0.22 | 0.50 |
Relative strength over 90 days: VVV outperformed BLUAI by 67.8% — measured on the BLUAI/VVV ratio, so it holds regardless of market direction.