Virtuals Protocol (VIRTUAL) is 39995.5× the size of Leonardo AI (LEONAI) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 137 shared trading days). LEONAI has been the more volatile of the two, at 390% annualised against VIRTUAL's 119%.
LEONAIVIRTUAL
0.49over 137 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 | LEONAI | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -76.8% | -71.7% |
| Risk-adjusted return (90d) | -0.22 | 0.06 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed LEONAI by 43.8% — measured on the LEONAI/VIRTUAL ratio, so it holds regardless of market direction.