Venice Token (VVV) is 27557.0× the size of Degen AI by Virtuals (DGENAI) by market capitalisation. Their daily returns move loosely together (correlation 0.58 across 31 shared trading days). Both have run at a similar volatility, around 170% annualised.
DGENAIVVV
0.58over 31 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 | DGENAI | VVV |
|---|---|---|
| Max drawdown (400d) | -90.6% | -29.6% |
| Risk-adjusted return (90d) | -0.41 | 0.50 |
Relative strength over 90 days: VVV outperformed DGENAI by 64.9% — measured on the DGENAI/VVV ratio, so it holds regardless of market direction.