Venice Token (VVV) is 20103.8× the size of Solace ($SOLACE) by market capitalisation. Their daily returns move barely together (correlation 0.00 across 39 shared trading days). $SOLACE has been the more volatile of the two, at 307% annualised against VVV's 169%.
$SOLACEVVV
0.00over 39 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 | $SOLACE | VVV |
|---|---|---|
| Max drawdown (400d) | -85.5% | -29.6% |
| Risk-adjusted return (90d) | -0.12 | 0.50 |
Relative strength over 90 days: VVV outperformed $SOLACE by 52.9% — measured on the $SOLACE/VVV ratio, so it holds regardless of market direction.