OpenVPP vs Zebec Network

Zebec Network (ZBCN) is 381.5× the size of OpenVPP (OVPP) by market capitalisation. Over the past 30 days, ZBCN is ahead by 71.8 percentage points (OVPP -61.5% against ZBCN +10.3%). Their daily returns move barely in opposite directions (correlation -0.02 across 32 shared trading days). OVPP has been the more volatile of the two, at 285% annualised against ZBCN's 105%.

Correlation: -0.02
Size ratio: 1 : 381.5
Ahead over 30 days: ZBCN

OpenVPPOVPP

$0.000632

24h: +0.71%
Market cap: $518,077
Volume 24h: $2,576
Volatility (ann.): 285%

Zebec NetworkZBCN

$0.001977

24h: +0.87%
Market cap: $197.63M
Volume 24h: $8.58M
Volatility (ann.): 105%

OVPP 0.3%Share of the two combined market caps99.7% ZBCN

Performance

OVPPZBCN

7 days+17.58%-5.37%OVPP
30 days-61.46%+10.31%ZBCN

Correlation

-0.02over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	OVPP	ZBCN
Max drawdown (400d)	-81.7%	-20.8%
Risk-adjusted return (90d)	-0.26	0.24

Relative strength over 90 days: ZBCN outperformed OVPP by 75.6% — measured on the OVPP/ZBCN ratio, so it holds regardless of market direction.

OpenVPP →Zebec Network →