Strike vs Derive

Derive (DRV) is 53.3× the size of Strike (STRIKE) by market capitalisation. Over the past 30 days, DRV is ahead by 120.5 percentage points (STRIKE -6.6% against DRV +113.9%). Their daily returns move very closely together (correlation 0.87 across 23 shared trading days). DRV has been the more volatile of the two, at 596% annualised against STRIKE's 110%.

Correlation: 0.87
Size ratio: 1 : 53.3
Ahead over 30 days: DRV

StrikeSTRIKE

$0.379982

24h: -5.78%
Market cap: $6.84M
Volume 24h: $28,711
Volatility (ann.): 110%

DeriveDRV

$0.343048

24h: +12.53%
Market cap: $364.40M
Volume 24h: $7.19M
Volatility (ann.): 596%

STRIKE 1.8%Share of the two combined market caps98.2% DRV

Performance

STRIKEDRV

7 days-14.43%-12.47%DRV
30 days-6.62%+113.87%DRV

Correlation

0.87over 23 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	STRIKE	DRV
Max drawdown (400d)	-23.9%	-32.6%
Risk-adjusted return (90d)	-0.06	0.40

Relative strength over 90 days: DRV outperformed STRIKE by 57.4% — measured on the STRIKE/DRV ratio, so it holds regardless of market direction.

Strike →Derive →