EnigmaAI (NGMA) and Venice Token (VVV) compared side by side. Over the past 30 days, VVV is ahead by 0.1 percentage points (NGMA -0.1% against VVV +0.0%). Their daily returns move barely together (correlation 0.26 across 21 shared trading days). VVV has been the more volatile of the two, at 169% annualised against NGMA's 1%.
NGMAVVV
0.26over 21 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 | NGMA | VVV |
|---|---|---|
| Max drawdown (400d) | -0.2% | -29.6% |
| Risk-adjusted return (90d) | -0.04 | 0.50 |
Relative strength over 90 days: NGMA outperformed VVV by 2.1% — measured on the NGMA/VVV ratio, so it holds regardless of market direction.