Cod3x vs Venice Token

Venice Token (VVV) is 9895.3× the size of Cod3x (CDX) by market capitalisation. Over the past 30 days, VVV is ahead by 56.3 percentage points (CDX -59.1% against VVV -2.8%). Their daily returns move barely together (correlation 0.18 across 23 shared trading days). CDX has been the more volatile of the two, at 216% annualised against VVV's 170%.

Correlation: 0.18
Size ratio: 1 : 9895.3
Ahead over 30 days: VVV

Cod3xCDX

$0.002423

24h: +0.48%
Market cap: $118,647
Volume 24h: $17
Volatility (ann.): 216%

Venice TokenVVV

$24.0600

24h: +16.70%
Market cap: $1.17B
Volume 24h: $42.54M
Volatility (ann.): 170%

CDX 0.0%Share of the two combined market caps100.0% VVV

Performance

CDXVVV

7 days-51.73%-12.69%VVV
30 days-59.09%-2.78%VVV

Correlation

0.18over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	CDX	VVV
Max drawdown (400d)	-69.6%	-29.6%
Risk-adjusted return (90d)	-0.30	0.54

Relative strength over 90 days: VVV outperformed CDX by 69.2% — measured on the CDX/VVV ratio, so it holds regardless of market direction.

Cod3x →Venice Token →