Virtuals Protocol (VIRTUAL) is 1572.3× the size of BOTCOIN (BOTCOIN) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.72 across 34 shared trading days). BOTCOIN has been the more volatile of the two, at 13941% annualised against VIRTUAL's 119%.
BOTCOINVIRTUAL
-0.72over 34 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 | BOTCOIN | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -99.1% | -71.7% |
| Risk-adjusted return (90d) | -0.01 | 0.04 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed BOTCOIN by 68.7% — measured on the BOTCOIN/VIRTUAL ratio, so it holds regardless of market direction.