Cryptex Finance vs Derive

Derive (DRV) is 85.3× the size of Cryptex Finance (CTX) by market capitalisation. Over the past 30 days, DRV is ahead by 98.6 percentage points (CTX +15.2% against DRV +113.9%). Their daily returns move closely together (correlation 0.85 across 31 shared trading days). DRV has been the more volatile of the two, at 596% annualised against CTX's 209%.

Correlation: 0.85
Size ratio: 1 : 85.3
Ahead over 30 days: DRV

Cryptex FinanceCTX

$0.440889

24h: -1.52%
Market cap: $4.26M
Volume 24h: $26,732
Volatility (ann.): 209%

DeriveDRV

$0.341647

24h: +12.28%
Market cap: $362.92M
Volume 24h: $7.05M
Volatility (ann.): 596%

CTX 1.2%Share of the two combined market caps98.8% DRV

Performance

CTXDRV

7 days-12.79%-12.47%DRV
30 days+15.23%+113.87%DRV

Correlation

0.85over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8590d: 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	CTX	DRV
Max drawdown (400d)	-44.6%	-32.6%
Risk-adjusted return (90d)	0.13	0.40

Relative strength over 90 days: DRV outperformed CTX by 36.9% — measured on the CTX/DRV ratio, so it holds regardless of market direction.

Cryptex Finance →Derive →