Fletcher by Virtuals vs Venice Token

Venice Token (VVV) is 63261.0× the size of Fletcher by Virtuals (FLETCHER) by market capitalisation. Over the past 30 days, VVV is ahead by 56.6 percentage points (FLETCHER -56.6% against VVV +0.0%). Their daily returns move barely together (correlation 0.10 across 22 shared trading days). VVV has been the more volatile of the two, at 169% annualised against FLETCHER's 143%.

Correlation: 0.10
Size ratio: 1 : 63261.0
Ahead over 30 days: VVV

Fletcher by VirtualsFLETCHER

$1.613e-5

24h: —
Market cap: $16,119
Volume 24h: $37
Volatility (ann.): 143%

Venice TokenVVV

$20.8500

24h: -6.20%
Market cap: $1.02B
Volume 24h: $48.17M
Volatility (ann.): 169%

FLETCHER 0.0%Share of the two combined market caps100.0% VVV

Performance

FLETCHERVVV

7 days-27.59%-9.39%VVV
30 days-56.64%+0.00%VVV

Correlation

0.10over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	FLETCHER	VVV
Max drawdown (400d)	-64.2%	-29.6%
Risk-adjusted return (90d)	-0.44	0.50

Relative strength over 90 days: VVV outperformed FLETCHER by 43.0% — measured on the FLETCHER/VVV ratio, so it holds regardless of market direction.

Fletcher by Virtuals →Venice Token →