Degenerate SQuiD vs Venice Token

Venice Token (VVV) is 19455.3× the size of Degenerate SQuiD (SQDGN) by market capitalisation. Over the past 30 days, VVV is ahead by 29.7 percentage points (SQDGN -29.7% against VVV +0.0%). Their daily returns move barely together (correlation 0.33 across 24 shared trading days). VVV has been the more volatile of the two, at 169% annualised against SQDGN's 74%.

Correlation: 0.33
Size ratio: 1 : 19455.3
Ahead over 30 days: VVV

Degenerate SQuiDSQDGN

$5.110e-5

24h: +5.40%
Market cap: $51,098
Volume 24h: $60
Volatility (ann.): 74%

Venice TokenVVV

$20.3300

24h: -11.86%
Market cap: $994.13M
Volume 24h: $45.90M
Volatility (ann.): 169%

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

Performance

SQDGNVVV

7 days-4.21%-9.39%SQDGN
30 days-29.74%+0.00%VVV

Correlation

0.33over 24 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	SQDGN	VVV
Max drawdown (400d)	-36.0%	-29.6%
Risk-adjusted return (90d)	-0.34	0.50

Relative strength over 90 days: VVV outperformed SQDGN by 15.5% — measured on the SQDGN/VVV ratio, so it holds regardless of market direction.

Degenerate SQuiD →Venice Token →