Virtuals Protocol (VIRTUAL) is 39107.5× the size of ClankerTowner (CLANK) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.08 across 28 shared trading days). CLANK has been the more volatile of the two, at 1181% annualised against VIRTUAL's 119%.
CLANKVIRTUAL
-0.08over 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 | CLANK | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -61.1% | -71.7% |
| Risk-adjusted return (90d) | 0.05 | 0.15 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: CLANK outperformed VIRTUAL by 104.9% — measured on the CLANK/VIRTUAL ratio, so it holds regardless of market direction.