Cortex vs Derive

Derive (DRV) is 8.2× the size of Cortex (CX) by market capitalisation. Over the past 30 days, DRV is ahead by 39.2 percentage points (CX +74.7% against DRV +113.9%). Their daily returns move barely together (correlation 0.05 across 33 shared trading days). CX has been the more volatile of the two, at 1219% annualised against DRV's 596%.

Correlation: 0.05
Size ratio: 1 : 8.2
Ahead over 30 days: DRV

CortexCX

$0.028263

24h: +2.97%
Market cap: $43.06M
Volume 24h: $29,959
Volatility (ann.): 1219%

DeriveDRV

$0.330933

24h: +9.82%
Market cap: $351.54M
Volume 24h: $5.99M
Volatility (ann.): 596%

CX 10.9%Share of the two combined market caps89.1% DRV

Performance

CXDRV

7 days-12.97%-12.47%DRV
30 days+74.70%+113.87%DRV

Correlation

0.05over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	CX	DRV
Max drawdown (400d)	-80.0%	-32.6%
Risk-adjusted return (90d)	0.05	0.40

Relative strength over 90 days: DRV outperformed CX by 18.4% — measured on the CX/DRV ratio, so it holds regardless of market direction.

Cortex →Derive →