Venice Token (VVV) is 30963.7× the size of fomolt (FOMOLT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.31 across 22 shared trading days). FOMOLT has been the more volatile of the two, at 299% annualised against VVV's 168%.
FOMOLTVVV
-0.31over 22 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 | FOMOLT | VVV |
|---|---|---|
| Max drawdown (400d) | -97.4% | -31.1% |
| Risk-adjusted return (90d) | -0.48 | 0.45 |
Relative strength over 90 days: VVV outperformed FOMOLT by 34.1% — measured on the FOMOLT/VVV ratio, so it holds regardless of market direction.