Virtuals Protocol (VIRTUAL) is 12509.5× the size of bunnyOS (OS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 28 shared trading days). OS has been the more volatile of the two, at 259% annualised against VIRTUAL's 119%.
OSVIRTUAL
-0.20over 28 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 | OS | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -79.9% | -71.7% |
| Risk-adjusted return (90d) | -0.29 | 0.06 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed OS by 68.4% — measured on the OS/VIRTUAL ratio, so it holds regardless of market direction.