LP 3pool Curve (3CRV) and Olympus (OHM) compared side by side. Over the past 30 days, 3CRV is ahead by 9.6 percentage points (3CRV -0.2% against OHM -9.8%). Their daily returns move barely in opposite directions (correlation -0.21 across 23 shared trading days). OHM has been the more volatile of the two, at 29% annualised against 3CRV's 2%.
3CRVOHM
-0.21over 23 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 | 3CRV | OHM |
|---|---|---|
| Max drawdown (400d) | -0.4% | -10.8% |
| Risk-adjusted return (90d) | -0.04 | -0.03 |
Relative strength over 90 days: 3CRV outperformed OHM by 8.4% — measured on the 3CRV/OHM ratio, so it holds regardless of market direction.