Venice Token (VVV) is 23384.8× the size of Dobi (DOBI) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 20 shared trading days). DOBI has been the more volatile of the two, at 212% annualised against VVV's 169%.
DOBIVVV
0.65over 20 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 | DOBI | VVV |
|---|---|---|
| Max drawdown (400d) | -81.6% | -29.6% |
| Risk-adjusted return (90d) | -0.04 | 0.50 |
Relative strength over 90 days: VVV outperformed DOBI by 20.9% — measured on the DOBI/VVV ratio, so it holds regardless of market direction.