Convex Finance (CVX) is 317.5× the size of Roobee (ROOBEE) by market capitalisation. Over the past 1 year, CVX is ahead by 35.1 percentage points (ROOBEE -32.8% against CVX +2.4%). Their daily returns move barely together (correlation 0.18 across 369 shared trading days). CVX has been the more volatile of the two, at 104% annualised against ROOBEE's 89%.
ROOBEECVX
0.18over 369 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 | ROOBEE | CVX |
|---|---|---|
| Max drawdown (400d) | -69.2% | -71.5% |
| Risk-adjusted return (90d) | 0.23 | 0.26 |
| Best 30 days (past year) | +33.9% | +88.3% |
| Worst 30 days (past year) | -40.1% | -37.0% |
Relative strength over 90 days: CVX outperformed ROOBEE by 26.6% — measured on the ROOBEE/CVX ratio, so it holds regardless of market direction.