Venice Token (VVV) is 22934.5× the size of Common (COMMON) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 44 shared trading days). COMMON has been the more volatile of the two, at 217% annualised against VVV's 169%.
COMMONVVV
-0.06over 44 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 | COMMON | VVV |
|---|---|---|
| Max drawdown (400d) | -100.0% | -29.6% |
| Risk-adjusted return (90d) | -0.43 | 0.50 |
Relative strength over 90 days: VVV outperformed COMMON by 93.8% — measured on the COMMON/VVV ratio, so it holds regardless of market direction.