Mythos vs Derive

Derive (DRV) is 326.3× the size of Mythos (MYTH) by market capitalisation. Over the past 30 days, DRV is ahead by 164.7 percentage points (MYTH -50.8% against DRV +113.9%). Their daily returns move barely together (correlation 0.04 across 31 shared trading days). DRV has been the more volatile of the two, at 596% annualised against MYTH's 137%.

Correlation: 0.04
Size ratio: 1 : 326.3
Ahead over 30 days: DRV

MythosMYTH

$0.001322

24h: -1.36%
Market cap: $1.14M
Volume 24h: $240
Volatility (ann.): 137%

DeriveDRV

$0.350321

24h: +14.72%
Market cap: $372.04M
Volume 24h: $7.96M
Volatility (ann.): 596%

MYTH 0.3%Share of the two combined market caps99.7% DRV

Performance

MYTHDRV

7 days-15.06%-12.47%DRV
30 days-50.79%+113.87%DRV

Correlation

0.04over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	MYTH	DRV
Max drawdown (400d)	-54.3%	-32.6%
Risk-adjusted return (90d)	-0.37	0.40

Relative strength over 90 days: DRV outperformed MYTH by 75.7% — measured on the MYTH/DRV ratio, so it holds regardless of market direction.

Mythos →Derive →