Venice Token (VVV) is 283.4× the size of Everlyn (LYN) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 45 shared trading days). Both have run at a similar volatility, around 164% annualised.
LYNVVV
0.38over 45 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 | LYN | VVV |
|---|---|---|
| Max drawdown (400d) | -71.9% | -29.6% |
| Risk-adjusted return (90d) | -0.21 | 0.54 |
Relative strength over 90 days: VVV outperformed LYN by 67.4% — measured on the LYN/VVV ratio, so it holds regardless of market direction.