Covenant Foundation vs Venice Token

Venice Token (VVV) is 86255.6× the size of Covenant Foundation (CVT) by market capitalisation. Over the past 30 days, VVV is ahead by 47.2 percentage points (CVT -53.4% against VVV -6.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 20 shared trading days). VVV has been the more volatile of the two, at 168% annualised against CVT's 86%.

Correlation: -0.15
Size ratio: 1 : 86255.6
Ahead over 30 days: VVV

Covenant FoundationCVT

$2.225e-5

24h: —
Market cap: $11,900
Volume 24h: —
Volatility (ann.): 86%

Venice TokenVVV

$20.9800

24h: -0.62%
Market cap: $1.03B
Volume 24h: $46.61M
Volatility (ann.): 168%

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

Performance

CVTVVV

7 days-11.66%-7.00%VVV
30 days-53.45%-6.29%VVV

Correlation

-0.15over 20 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	CVT	VVV
Max drawdown (400d)	-53.5%	-31.1%
Risk-adjusted return (90d)	-0.62	0.45

Relative strength over 90 days: VVV outperformed CVT by 19.6% — measured on the CVT/VVV ratio, so it holds regardless of market direction.

Covenant Foundation →Venice Token →