Messy Virgo vs Derive

Derive (DRV) is 868.1× the size of Messy Virgo (MESSY) by market capitalisation. Over the past 30 days, DRV is ahead by 155.9 percentage points (MESSY -42.0% against DRV +113.9%). Their daily returns move barely together (correlation 0.15 across 29 shared trading days). DRV has been the more volatile of the two, at 596% annualised against MESSY's 119%.

Correlation: 0.15
Size ratio: 1 : 868.1
Ahead over 30 days: DRV

Messy VirgoMESSY

$0.000410

24h: -0.36%
Market cap: $404,948
Volume 24h: $1,705
Volatility (ann.): 119%

DeriveDRV

$0.330933

24h: +9.82%
Market cap: $351.54M
Volume 24h: $5.99M
Volatility (ann.): 596%

MESSY 0.1%Share of the two combined market caps99.9% DRV

Performance

MESSYDRV

7 days-6.65%-12.47%MESSY
30 days-42.04%+113.87%DRV

Correlation

0.15over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1590d: 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	MESSY	DRV
Max drawdown (400d)	-43.8%	-32.6%
Risk-adjusted return (90d)	-0.34	0.40

Relative strength over 90 days: DRV outperformed MESSY by 72.4% — measured on the MESSY/DRV ratio, so it holds regardless of market direction.

Messy Virgo →Derive →