Venice Token (VVV) is 33718.1× the size of Clawvatar (CLAWVATAR) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 22 shared trading days). CLAWVATAR has been the more volatile of the two, at 518% annualised against VVV's 168%.
CLAWVATARVVV
0.61over 22 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 | CLAWVATAR | VVV |
|---|---|---|
| Max drawdown (400d) | -82.5% | -31.1% |
| Risk-adjusted return (90d) | 0.06 | 0.45 |
Relative strength over 90 days: VVV outperformed CLAWVATAR by 33.6% — measured on the CLAWVATAR/VVV ratio, so it holds regardless of market direction.