Echelon Prime vs Derive

Derive (DRV) is 34.3× the size of Echelon Prime (PRIME) by market capitalisation. Over the past 30 days, DRV is ahead by 147.5 percentage points (PRIME -33.6% against DRV +113.9%). Their daily returns move barely together (correlation 0.20 across 33 shared trading days). DRV has been the more volatile of the two, at 596% annualised against PRIME's 94%.

Correlation: 0.20
Size ratio: 1 : 34.3
Ahead over 30 days: DRV

Echelon PrimePRIME

$0.161167

24h: +0.91%
Market cap: $10.52M
Volume 24h: $310,602
Volatility (ann.): 94%

DeriveDRV

$0.340003

24h: +12.04%
Market cap: $361.17M
Volume 24h: $6.95M
Volatility (ann.): 596%

PRIME 2.8%Share of the two combined market caps97.2% DRV

Performance

PRIMEDRV

7 days-8.80%-12.47%PRIME
30 days-33.58%+113.87%DRV

Correlation

0.20over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	PRIME	DRV
Max drawdown (400d)	-38.2%	-32.6%
Risk-adjusted return (90d)	-0.35	0.40

Relative strength over 90 days: DRV outperformed PRIME by 64.6% — measured on the PRIME/DRV ratio, so it holds regardless of market direction.

Echelon Prime →Derive →