Venice Token (VVV) is 46709.6× the size of Flagship by Virtuals (FYI) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 23 shared trading days). Both have run at a similar volatility, around 175% annualised.
FYIVVV
0.45over 23 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 | FYI | VVV |
|---|---|---|
| Max drawdown (400d) | -95.2% | -29.6% |
| Risk-adjusted return (90d) | -0.39 | 0.50 |
Relative strength over 90 days: VVV outperformed FYI by 39.0% — measured on the FYI/VVV ratio, so it holds regardless of market direction.