Virtuals Protocol (VIRTUAL) is 8.3× the size of Holoworld (HOLO) by market capitalisation. Over the past 1 year, HOLO is ahead by 11.1 percentage points (HOLO -48.5% against VIRTUAL -59.6%). Their daily returns move loosely together (correlation 0.54 across 399 shared trading days). VIRTUAL has been the more volatile of the two, at 119% annualised against HOLO's 102%.
HOLOVIRTUAL
0.54over 399 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 | HOLO | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -78.0% | -71.7% |
| Risk-adjusted return (90d) | -0.23 | 0.04 |
| Best 30 days (past year) | +60.2% | +47.4% |
| Worst 30 days (past year) | -35.0% | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed HOLO by 21.3% — measured on the HOLO/VIRTUAL ratio, so it holds regardless of market direction.