Venice Token (VVV) is 22776.3× the size of Root Edge (ROOTAI) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 40 shared trading days). ROOTAI has been the more volatile of the two, at 278% annualised against VVV's 169%.
ROOTAIVVV
0.18over 40 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 | ROOTAI | VVV |
|---|---|---|
| Max drawdown (400d) | -93.2% | -29.6% |
| Risk-adjusted return (90d) | -0.33 | 0.50 |
Relative strength over 90 days: VVV outperformed ROOTAI by 61.6% — measured on the ROOTAI/VVV ratio, so it holds regardless of market direction.