ICPanda DAO vs Venice Token

Venice Token (VVV) is 1760.7× the size of ICPanda DAO (PANDA) by market capitalisation. Over the past 30 days, VVV is ahead by 24.8 percentage points (PANDA -27.6% against VVV -2.8%). Their daily returns move closely together (correlation 0.68 across 28 shared trading days). Both have run at a similar volatility, around 170% annualised.

Correlation: 0.68
Size ratio: 1 : 1760.7
Ahead over 30 days: VVV

ICPanda DAOPANDA

$0.000784

24h: -9.59%
Market cap: $638,923
Volume 24h: $1,262
Volatility (ann.): 170%

Venice TokenVVV

$23.0600

24h: +3.15%
Market cap: $1.12B
Volume 24h: $48.47M
Volatility (ann.): 170%

PANDA 0.1%Share of the two combined market caps99.9% VVV

Performance

PANDAVVV

7 days-26.56%-12.69%VVV
30 days-27.57%-2.78%VVV

Correlation

0.68over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 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	PANDA	VVV
Max drawdown (400d)	-49.7%	-29.6%
Risk-adjusted return (90d)	-0.04	0.54

Relative strength over 90 days: VVV outperformed PANDA by 29.0% — measured on the PANDA/VVV ratio, so it holds regardless of market direction.