yearn.finance (YFI) is 281.2× the size of Levva Protocol (LVVA) by market capitalisation. Over the past 1 year, YFI is ahead by 41.4 percentage points (LVVA -97.2% against YFI -55.8%). Their daily returns move barely together (correlation 0.06 across 373 shared trading days). LVVA has been the more volatile of the two, at 232% annualised against YFI's 76%.
LVVAYFI
0.06over 373 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 | LVVA | YFI |
|---|---|---|
| Max drawdown (400d) | -97.2% | -70.9% |
| Risk-adjusted return (90d) | -0.16 | -0.07 |
| Best 30 days (past year) | +148.5% | +52.0% |
| Worst 30 days (past year) | -76.3% | -35.3% |
Relative strength over 90 days: YFI outperformed LVVA by 54.0% — measured on the LVVA/YFI ratio, so it holds regardless of market direction.