DragonX.win (DRAGONX) and Derive (DRV) compared side by side. Over the past 30 days, DRV is ahead by 126.9 percentage points (DRAGONX -13.0% against DRV +113.9%). Their daily returns move barely together (correlation 0.23 across 22 shared trading days). DRV has been the more volatile of the two, at 596% annualised against DRAGONX's 100%.
DRAGONXDRV
0.23over 22 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 | DRAGONX | DRV |
|---|---|---|
| Max drawdown (400d) | -18.7% | -32.6% |
| Risk-adjusted return (90d) | -0.12 | 0.40 |
Relative strength over 90 days: DRAGONX outperformed DRV by 35.8% — measured on the DRAGONX/DRV ratio, so it holds regardless of market direction.