Quanto vs Derive

Derive (DRV) is 6830.0× the size of Quanto (QTO) by market capitalisation. Over the past 30 days, DRV is ahead by 160.6 percentage points (QTO -24.1% against DRV +136.5%). Their daily returns move barely together (correlation 0.20 across 23 shared trading days). DRV has been the more volatile of the two, at 590% annualised against QTO's 97%.

Correlation: 0.20
Size ratio: 1 : 6830.0
Ahead over 30 days: DRV

QuantoQTO

$5.138e-5

24h: +4.67%
Market cap: $49,505
Volume 24h: $69
Volatility (ann.): 97%

DeriveDRV

$0.318303

24h: -8.54%
Market cap: $338.12M
Volume 24h: $24.62M
Volatility (ann.): 590%

QTO 0.0%Share of the two combined market caps100.0% DRV

Performance

QTODRV

7 days-9.22%-8.10%DRV
30 days-24.12%+136.49%DRV

Correlation

0.20over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	QTO	DRV
Max drawdown (400d)	-28.4%	-32.6%
Risk-adjusted return (90d)	-0.23	0.45

Relative strength over 90 days: QTO outperformed DRV by 8.9% — measured on the QTO/DRV ratio, so it holds regardless of market direction.

Quanto →Derive →