Virtuals Protocol (VIRTUAL) is 20058.4× the size of Legend ($LEGEND) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 183 shared trading days). $LEGEND has been the more volatile of the two, at 138% annualised against VIRTUAL's 119%.
$LEGENDVIRTUAL
0.49over 183 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 | $LEGEND | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -85.7% | -71.7% |
| Risk-adjusted return (90d) | -0.43 | 0.00 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed $LEGEND by 66.5% — measured on the $LEGEND/VIRTUAL ratio, so it holds regardless of market direction.