Convex Finance (CVX) is 975.8× the size of CYBRO (CYBRO) by market capitalisation. Over the past 1 year, CVX is ahead by 87.3 percentage points (CYBRO -85.0% against CVX +2.4%). Their daily returns move barely together (correlation 0.00 across 364 shared trading days). CVX has been the more volatile of the two, at 104% annualised against CYBRO's 74%.
CYBROCVX
0.00over 364 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 | CYBRO | CVX |
|---|---|---|
| Max drawdown (400d) | -86.1% | -71.5% |
| Risk-adjusted return (90d) | -0.59 | 0.26 |
| Best 30 days (past year) | — | +88.3% |
| Worst 30 days (past year) | — | -37.0% |
Relative strength over 90 days: CVX outperformed CYBRO by 76.0% — measured on the CYBRO/CVX ratio, so it holds regardless of market direction.