GRVT Token vs Derive

Derive (DRV) is 13.6× the size of GRVT Token (GRVT) by market capitalisation. Over the past 30 days, DRV is ahead by 76.2 percentage points (GRVT +37.7% against DRV +113.9%). Their daily returns move loosely together (correlation 0.56 across 45 shared trading days). DRV has been the more volatile of the two, at 596% annualised against GRVT's 102%.

Correlation: 0.56
Size ratio: 1 : 13.6
Ahead over 30 days: DRV

GRVT TokenGRVT

$0.229097

24h: +3.73%
Market cap: $26.19M
Volume 24h: $4.25M
Volatility (ann.): 102%

DeriveDRV

$0.335676

24h: +10.82%
Market cap: $356.81M
Volume 24h: $6.59M
Volatility (ann.): 596%

GRVT 6.8%Share of the two combined market caps93.2% DRV

Performance

GRVTDRV

7 days-2.20%-12.47%GRVT
30 days+37.67%+113.87%DRV

Correlation

0.56over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7490d: 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	GRVT	DRV
Max drawdown (400d)	-54.2%	-32.6%
Risk-adjusted return (90d)	-0.05	0.40

Relative strength over 90 days: DRV outperformed GRVT by 75.8% — measured on the GRVT/DRV ratio, so it holds regardless of market direction.

GRVT Token →Derive →