MPP32 vs Velvet

Velvet (VELVET) is 220.2× the size of MPP32 (M32) by market capitalisation. Over the past 30 days, VELVET is ahead by 44.8 percentage points (M32 -74.5% against VELVET -29.7%). Their daily returns move barely together (correlation 0.19 across 35 shared trading days). M32 has been the more volatile of the two, at 366% annualised against VELVET's 157%.

Correlation: 0.19
Size ratio: 1 : 220.2
Ahead over 30 days: VELVET

MPP32M32

$0.000109

24h: +22.09%
Market cap: $109,298
Volume 24h: $1,731
Volatility (ann.): 366%

VelvetVELVET

$0.051888

24h: +0.27%
Market cap: $24.07M
Volume 24h: $3.00M
Volatility (ann.): 157%

M32 0.5%Share of the two combined market caps99.5% VELVET

Performance

M32VELVET

7 days+24.55%-15.10%M32
30 days-74.54%-29.71%VELVET

Correlation

0.19over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	M32	VELVET
Max drawdown (400d)	-92.3%	-53.5%
Risk-adjusted return (90d)	-0.24	-0.30

Relative strength over 90 days: VELVET outperformed M32 by 77.2% — measured on the M32/VELVET ratio, so it holds regardless of market direction.

MPP32 →Velvet →