Spot vs Derive

Spot (SPOT) and Derive (DRV) compared side by side. Over the past 30 days, DRV is ahead by 147.4 percentage points (SPOT -33.5% against DRV +113.9%). Their daily returns move barely in opposite directions (correlation -0.21 across 22 shared trading days). DRV has been the more volatile of the two, at 596% annualised against SPOT's 135%.

Correlation: -0.21
Ahead over 30 days: DRV

SpotSPOT

$0.118730

24h: +0.66%
Market cap: —
Volume 24h: $630
Volatility (ann.): 135%

DeriveDRV

$0.348377

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

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

Performance

SPOTDRV

7 days-23.92%-12.47%DRV
30 days-33.50%+113.87%DRV

Correlation

-0.21over 22 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	SPOT	DRV
Max drawdown (400d)	-38.4%	-32.6%
Risk-adjusted return (90d)	-0.25	0.40

Relative strength over 90 days: DRV outperformed SPOT by 7.4% — measured on the SPOT/DRV ratio, so it holds regardless of market direction.

Spot →Derive →