Coral Finance vs Derive

Derive (DRV) is 50500.3× the size of Coral Finance (CORL) by market capitalisation. Over the past 30 days, DRV is ahead by 173.9 percentage points (CORL -37.4% against DRV +136.5%). Their daily returns move barely in opposite directions (correlation -0.26 across 21 shared trading days). DRV has been the more volatile of the two, at 590% annualised against CORL's 136%.

Correlation: -0.26
Size ratio: 1 : 50500.3
Ahead over 30 days: DRV

Coral FinanceCORL

$3.009e-5

24h: -4.44%
Market cap: $7,299
Volume 24h: $55
Volatility (ann.): 136%

DeriveDRV

$0.346663

24h: -1.03%
Market cap: $368.58M
Volume 24h: $24.97M
Volatility (ann.): 590%

CORL 0.0%Share of the two combined market caps100.0% DRV

Performance

CORLDRV

7 days-34.47%-8.10%DRV
30 days-37.44%+136.49%DRV

Correlation

-0.26over 21 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	CORL	DRV
Max drawdown (400d)	-48.3%	-32.6%
Risk-adjusted return (90d)	-0.30	0.45

Relative strength over 90 days: DRV outperformed CORL by 25.4% — measured on the CORL/DRV ratio, so it holds regardless of market direction.

Coral Finance →Derive →