Virtuals Protocol (VIRTUAL) is 1630.2× the size of Olyn by Virtuals (OLYN) by market capitalisation. Their daily returns move very closely together (correlation 0.86 across 182 shared trading days). OLYN has been the more volatile of the two, at 150% annualised against VIRTUAL's 119%.
OLYNVIRTUAL
0.86over 182 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 | OLYN | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -78.7% | -71.7% |
| Risk-adjusted return (90d) | 0.07 | 0.06 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: VIRTUAL outperformed OLYN by 6.7% — measured on the OLYN/VIRTUAL ratio, so it holds regardless of market direction.