Dexalot vs Derive

Derive (DRV) is 274.4× the size of Dexalot (ALOT) by market capitalisation. Over the past 30 days, DRV is ahead by 26.1 percentage points (ALOT +110.4% against DRV +136.5%). Their daily returns move closely together (correlation 0.63 across 24 shared trading days). DRV has been the more volatile of the two, at 590% annualised against ALOT's 231%.

Correlation: 0.63
Size ratio: 1 : 274.4
Ahead over 30 days: DRV

DexalotALOT

$0.024863

24h: -35.18%
Market cap: $1.25M
Volume 24h: $11,302
Volatility (ann.): 231%

DeriveDRV

$0.321866

24h: -6.82%
Market cap: $341.90M
Volume 24h: $25.17M
Volatility (ann.): 590%

ALOT 0.4%Share of the two combined market caps99.6% DRV

Performance

ALOTDRV

7 days+26.64%-8.10%ALOT
30 days+110.41%+136.49%DRV

Correlation

0.63over 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	ALOT	DRV
Max drawdown (400d)	-28.1%	-32.6%
Risk-adjusted return (90d)	0.53	0.45

Relative strength over 90 days: DRV outperformed ALOT by 4.9% — measured on the ALOT/DRV ratio, so it holds regardless of market direction.

Dexalot →Derive →