Foxify vs Derive

Derive (DRV) is 173.7× the size of Foxify (FOX) by market capitalisation. Over the past 30 days, DRV is ahead by 139.9 percentage points (FOX -26.0% against DRV +113.9%). Their daily returns move barely in opposite directions (correlation -0.14 across 31 shared trading days). DRV has been the more volatile of the two, at 596% annualised against FOX's 80%.

Correlation: -0.14
Size ratio: 1 : 173.7
Ahead over 30 days: DRV

FoxifyFOX

$0.206042

24h: -2.99%
Market cap: $2.13M
Volume 24h: $1,460
Volatility (ann.): 80%

DeriveDRV

$0.348009

24h: +12.48%
Market cap: $369.43M
Volume 24h: $7.87M
Volatility (ann.): 596%

FOX 0.6%Share of the two combined market caps99.4% DRV

Performance

FOXDRV

7 days-6.22%-12.47%FOX
30 days-26.02%+113.87%DRV

Correlation

-0.14over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	FOX	DRV
Max drawdown (400d)	-33.3%	-32.6%
Risk-adjusted return (90d)	-0.24	0.40

Relative strength over 90 days: DRV outperformed FOX by 59.8% — measured on the FOX/DRV ratio, so it holds regardless of market direction.

Foxify →Derive →