Virtuals Protocol (VIRTUAL) is 20795.0× the size of cr0w by Virtuals (CROW) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 184 shared trading days). Both have run at a similar volatility, around 128% annualised.
CROWVIRTUAL
0.75over 184 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 | CROW | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -51.5% | -71.7% |
| Risk-adjusted return (90d) | -0.33 | 0.06 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed CROW by 14.7% — measured on the CROW/VIRTUAL ratio, so it holds regardless of market direction.