Hive Protocol vs Venice Token

Venice Token (VVV) is 448611.7× the size of Hive Protocol (HIVE) by market capitalisation. Over the past 30 days, VVV is ahead by 52.1 percentage points (HIVE -58.3% against VVV -6.3%). Their daily returns move barely in opposite directions (correlation -0.03 across 23 shared trading days). HIVE has been the more volatile of the two, at 305% annualised against VVV's 168%.

Correlation: -0.03
Size ratio: 1 : 448611.7
Ahead over 30 days: VVV

Hive ProtocolHIVE

$2.240e-6

24h: —
Market cap: $2,236
Volume 24h: —
Volatility (ann.): 305%

Venice TokenVVV

$20.5100

24h: -6.18%
Market cap: $1.00B
Volume 24h: $46.65M
Volatility (ann.): 168%

HIVE 0.0%Share of the two combined market caps100.0% VVV

Performance

HIVEVVV

7 days-14.88%-7.00%VVV
30 days-58.34%-6.29%VVV

Correlation

-0.03over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	HIVE	VVV
Max drawdown (400d)	-69.5%	-31.1%
Risk-adjusted return (90d)	-0.22	0.45

Relative strength over 90 days: VVV outperformed HIVE by 16.7% — measured on the HIVE/VVV ratio, so it holds regardless of market direction.

Hive Protocol →Venice Token →