Ribbita by Virtuals [OLD] vs Derive

Ribbita by Virtuals [OLD] (TIBBIR) and Derive (DRV) compared side by side. Over the past 30 days, DRV is ahead by 118.4 percentage points (TIBBIR -4.6% against DRV +113.9%). Their daily returns move loosely together (correlation 0.40 across 57 shared trading days). DRV has been the more volatile of the two, at 596% annualised against TIBBIR's 198%.

Correlation: 0.40
Ahead over 30 days: DRV

Ribbita by Virtuals [OLD]TIBBIR

$0.193070

24h: +0.07%
Market cap: —
Volume 24h: $917,058
Volatility (ann.): 198%

DeriveDRV

$0.348377

24h: +13.42%
Market cap: $370.07M
Volume 24h: $7.97M
Volatility (ann.): 596%

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

Performance

TIBBIRDRV

7 days-10.36%-12.47%TIBBIR
30 days-4.55%+113.87%DRV

Correlation

0.40over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	TIBBIR	DRV
Max drawdown (400d)	-36.8%	-32.6%
Risk-adjusted return (90d)	0.07	0.40

Relative strength over 90 days: DRV outperformed TIBBIR by 66.2% — measured on the TIBBIR/DRV ratio, so it holds regardless of market direction.

Ribbita by Virtuals [OLD] →Derive →