Re Protocol reUSDe (REUSDE) is 28.4× the size of VAIOT (VAI) by market capitalisation. Their daily returns move barely together (correlation 0.34 across 41 shared trading days). VAI has been the more volatile of the two, at 293% annualised against REUSDE's 11%.
REUSDEVAI
0.34over 41 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 | REUSDE | VAI |
|---|---|---|
| Max drawdown (400d) | -1.4% | -75.8% |
| Risk-adjusted return (90d) | 0.13 | 0.01 |
Relative strength over 90 days: REUSDE outperformed VAI by 31.5% — measured on the REUSDE/VAI ratio, so it holds regardless of market direction.