Ribbon Finance vs Derive

Derive (DRV) is 283.5× the size of Ribbon Finance (RBN) by market capitalisation. Over the past 30 days, DRV is ahead by 140.3 percentage points (RBN -26.5% against DRV +113.9%). Their daily returns move barely in opposite directions (correlation -0.21 across 20 shared trading days). DRV has been the more volatile of the two, at 596% annualised against RBN's 59%.

Correlation: -0.21
Size ratio: 1 : 283.5
Ahead over 30 days: DRV

Ribbon FinanceRBN

$0.019507

24h: —
Market cap: $1.31M
Volume 24h: —
Volatility (ann.): 59%

DeriveDRV

$0.349331

24h: +14.40%
Market cap: $372.15M
Volume 24h: $7.53M
Volatility (ann.): 596%

RBN 0.4%Share of the two combined market caps99.6% DRV

Performance

RBNDRV

7 days-8.66%-12.47%RBN
30 days-26.46%+113.87%DRV

Correlation

-0.21over 20 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	RBN	DRV
Max drawdown (400d)	-27.3%	-32.6%
Risk-adjusted return (90d)	-0.38	0.40

Relative strength over 90 days: RBN outperformed DRV by 10.3% — measured on the RBN/DRV ratio, so it holds regardless of market direction.

Ribbon Finance →Derive →