Venice Token (VVV) is 23504.1× the size of HEXAR AI (HEXAR) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 28 shared trading days). Both have run at a similar volatility, around 161% annualised.
HEXARVVV
0.26over 28 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 | HEXAR | VVV |
|---|---|---|
| Max drawdown (400d) | -77.3% | -29.6% |
| Risk-adjusted return (90d) | -0.08 | 0.50 |
Relative strength over 90 days: VVV outperformed HEXAR by 19.6% — measured on the HEXAR/VVV ratio, so it holds regardless of market direction.