Venice Token (VVV) is 40886.3× the size of Gitnull (GNULL) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 25 shared trading days). GNULL has been the more volatile of the two, at 212% annualised against VVV's 169%.
GNULLVVV
0.54over 25 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 | GNULL | VVV |
|---|---|---|
| Max drawdown (400d) | -90.3% | -29.6% |
| Risk-adjusted return (90d) | -0.31 | 0.50 |
Relative strength over 90 days: VVV outperformed GNULL by 38.6% — measured on the GNULL/VVV ratio, so it holds regardless of market direction.