Rails vs Derive

Derive (DRV) is 398.7× the size of Rails (RAILS) by market capitalisation. Over the past 30 days, DRV is ahead by 103.3 percentage points (RAILS +10.6% against DRV +113.9%). Their daily returns move barely in opposite directions (correlation -0.18 across 21 shared trading days). DRV has been the more volatile of the two, at 596% annualised against RAILS's 177%.

Correlation: -0.18
Size ratio: 1 : 398.7
Ahead over 30 days: DRV

RailsRAILS

$0.025779

24h: +0.02%
Market cap: $930,868
Volume 24h: $1,827
Volatility (ann.): 177%

DeriveDRV

$0.349401

24h: +14.82%
Market cap: $371.15M
Volume 24h: $7.97M
Volatility (ann.): 596%

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

Performance

RAILSDRV

7 days-14.93%-12.47%DRV
30 days+10.58%+113.87%DRV

Correlation

-0.18over 21 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	RAILS	DRV
Max drawdown (400d)	-27.8%	-32.6%
Risk-adjusted return (90d)	0.06	0.40

Relative strength over 90 days: DRV outperformed RAILS by 53.5% — measured on the RAILS/DRV ratio, so it holds regardless of market direction.

Rails →Derive →