Zora (ZORA) is 6.7× the size of Divo (DVO) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 35 shared trading days). Both have run at a similar volatility, around 161% annualised.
DVOZORA
0.24over 35 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 | DVO | ZORA |
|---|---|---|
| Max drawdown (400d) | -61.0% | -42.5% |
| Risk-adjusted return (90d) | 1.97 | -0.08 |
Relative strength over 90 days: ZORA outperformed DVO by 10.7% — measured on the DVO/ZORA ratio, so it holds regardless of market direction.