Virtuals Protocol (VIRTUAL) is 14801.1× the size of Claw16z (CLAW16Z) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 71 shared trading days). CLAW16Z has been the more volatile of the two, at 230% annualised against VIRTUAL's 119%.
CLAW16ZVIRTUAL
0.41over 71 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 | CLAW16Z | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -82.2% | -71.7% |
| Risk-adjusted return (90d) | -0.33 | 0.06 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed CLAW16Z by 75.8% — measured on the CLAW16Z/VIRTUAL ratio, so it holds regardless of market direction.