ivault vs Derive

Derive (DRV) is 362.8× the size of ivault (IVT) by market capitalisation. Over the past 30 days, DRV is ahead by 126.5 percentage points (IVT -12.6% against DRV +113.9%). Their daily returns move loosely together (correlation 0.35 across 28 shared trading days). DRV has been the more volatile of the two, at 596% annualised against IVT's 44%.

Correlation: 0.35
Size ratio: 1 : 362.8
Ahead over 30 days: DRV

ivaultIVT

$0.001345

24h: -88.00%
Market cap: $996,152
Volume 24h: $111,095
Volatility (ann.): 44%

DeriveDRV

$0.340183

24h: +12.05%
Market cap: $361.36M
Volume 24h: $6.96M
Volatility (ann.): 596%

IVT 0.3%Share of the two combined market caps99.7% DRV

Performance

IVTDRV

7 days-7.72%-12.47%IVT
30 days-12.65%+113.87%DRV

Correlation

0.35over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	IVT	DRV
Max drawdown (400d)	-16.9%	-32.6%
Risk-adjusted return (90d)	-0.32	0.40

Relative strength over 90 days: DRV outperformed IVT by 55.0% — measured on the IVT/DRV ratio, so it holds regardless of market direction.

ivault →Derive →