Level vs Derive

Derive (DRV) is 4099.3× the size of Level (LVL) by market capitalisation. Over the past 30 days, DRV is ahead by 139.2 percentage points (LVL -2.7% against DRV +136.5%). Their daily returns move barely together (correlation 0.21 across 23 shared trading days). LVL has been the more volatile of the two, at 4036% annualised against DRV's 590%.

Correlation: 0.21
Size ratio: 1 : 4099.3
Ahead over 30 days: DRV

LevelLVL

$0.004738

24h: +2.03%
Market cap: $82,482
Volume 24h: $160
Volatility (ann.): 4036%

DeriveDRV

$0.318303

24h: -8.54%
Market cap: $338.12M
Volume 24h: $24.62M
Volatility (ann.): 590%

LVL 0.0%Share of the two combined market caps100.0% DRV

Performance

LVLDRV

7 days-3.30%-8.10%LVL
30 days-2.70%+136.49%DRV

Correlation

0.21over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	LVL	DRV
Max drawdown (400d)	-92.5%	-32.6%
Risk-adjusted return (90d)	0.00	0.45

Relative strength over 90 days: LVL outperformed DRV by 30.3% — measured on the LVL/DRV ratio, so it holds regardless of market direction.

Level →Derive →