NOVA (SN68) is 50.7× the size of Molecules of Korolchuk IP-NFT (VITA-FAST) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 23 shared trading days). VITA-FAST has been the more volatile of the two, at 172% annualised against SN68's 97%.
$0.423333
VITA-FASTSN68
0.42over 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 | VITA-FAST | SN68 |
|---|---|---|
| Max drawdown (400d) | -82.4% | -18.3% |
| Risk-adjusted return (90d) | -0.38 | 0.16 |
Relative strength over 90 days: SN68 outperformed VITA-FAST by 13.9% — measured on the VITA-FAST/SN68 ratio, so it holds regardless of market direction.