Hey Anon vs Derive

Derive (DRV) is 90.8× the size of Hey Anon (ANON) by market capitalisation. Over the past 30 days, DRV is ahead by 107.3 percentage points (ANON +29.2% against DRV +136.5%). Their daily returns move barely in opposite directions (correlation -0.08 across 34 shared trading days). DRV has been the more volatile of the two, at 590% annualised against ANON's 381%.

Correlation: -0.08
Size ratio: 1 : 90.8
Ahead over 30 days: DRV

Hey AnonANON

$0.283836

24h: +0.93%
Market cap: $4.37M
Volume 24h: $133,582
Volatility (ann.): 381%

DeriveDRV

$0.373070

24h: +18.15%
Market cap: $396.30M
Volume 24h: $16.79M
Volatility (ann.): 590%

ANON 1.1%Share of the two combined market caps98.9% DRV

Performance

ANONDRV

7 days-7.30%-8.10%ANON
30 days+29.20%+136.49%DRV

Correlation

-0.08over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	ANON	DRV
Max drawdown (400d)	-52.5%	-32.6%
Risk-adjusted return (90d)	0.03	0.45

Relative strength over 90 days: DRV outperformed ANON by 46.3% — measured on the ANON/DRV ratio, so it holds regardless of market direction.

Hey Anon →Derive →