Freya Protocol vs Venice Token

Venice Token (VVV) is 899.0× the size of Freya Protocol (FREYA) by market capitalisation. Over the past 30 days, VVV is ahead by 12.0 percentage points (FREYA -14.8% against VVV -2.8%). Their daily returns move loosely in opposite directions (correlation -0.52 across 23 shared trading days). VVV has been the more volatile of the two, at 170% annualised against FREYA's 147%.

Correlation: -0.52
Size ratio: 1 : 899.0
Ahead over 30 days: VVV

Freya ProtocolFREYA

$0.002293

24h: —
Market cap: $1.26M
Volume 24h: —
Volatility (ann.): 147%

Venice TokenVVV

$23.1800

24h: +4.53%
Market cap: $1.13B
Volume 24h: $41.37M
Volatility (ann.): 170%

FREYA 0.1%Share of the two combined market caps99.9% VVV

Performance

FREYAVVV

7 days-4.53%-12.69%FREYA
30 days-14.78%-2.78%VVV

Correlation

-0.52over 23 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	FREYA	VVV
Max drawdown (400d)	-23.1%	-29.6%
Risk-adjusted return (90d)	-0.11	0.54

Relative strength over 90 days: VVV outperformed FREYA by 31.8% — measured on the FREYA/VVV ratio, so it holds regardless of market direction.

Freya Protocol →Venice Token →