Full Moon vs Derive

Derive (DRV) is 242.9× the size of Full Moon (FM) by market capitalisation. Over the past 30 days, DRV is ahead by 138.0 percentage points (FM -24.1% against DRV +113.9%). Their daily returns move loosely together (correlation 0.39 across 31 shared trading days). DRV has been the more volatile of the two, at 596% annualised against FM's 99%.

Correlation: 0.39
Size ratio: 1 : 242.9
Ahead over 30 days: DRV

Full MoonFM

$0.001709

24h: +0.77%
Market cap: $1.49M
Volume 24h: $231
Volatility (ann.): 99%

DeriveDRV

$0.340764

24h: +12.07%
Market cap: $361.97M
Volume 24h: $6.63M
Volatility (ann.): 596%

FM 0.4%Share of the two combined market caps99.6% DRV

Performance

FMDRV

7 days-4.28%-12.47%FM
30 days-24.11%+113.87%DRV

Correlation

0.39over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	FM	DRV
Max drawdown (400d)	-29.7%	-32.6%
Risk-adjusted return (90d)	-0.22	0.40

Relative strength over 90 days: DRV outperformed FM by 61.2% — measured on the FM/DRV ratio, so it holds regardless of market direction.

Full Moon →Derive →