Stryke vs Derive

Derive (DRV) is 170.8× the size of Stryke (SYK) by market capitalisation. Over the past 30 days, SYK is ahead by 66.1 percentage points (SYK +179.9% against DRV +113.9%). Their daily returns move very closely together (correlation 0.89 across 30 shared trading days). DRV has been the more volatile of the two, at 596% annualised against SYK's 273%.

Correlation: 0.89
Size ratio: 1 : 170.8
Ahead over 30 days: SYK

StrykeSYK

$0.030940

24h: —
Market cap: $2.12M
Volume 24h: —
Volatility (ann.): 273%

DeriveDRV

$0.340764

24h: +12.07%
Market cap: $361.97M
Volume 24h: $6.63M
Volatility (ann.): 596%

SYK 0.6%Share of the two combined market caps99.4% DRV

Performance

SYKDRV

7 days-4.10%-12.47%SYK
30 days+179.95%+113.87%SYK

Correlation

0.89over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8990d: 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	SYK	DRV
Max drawdown (400d)	-49.6%	-32.6%
Risk-adjusted return (90d)	0.72	0.40

Relative strength over 90 days: SYK outperformed DRV by 37.2% — measured on the SYK/DRV ratio, so it holds regardless of market direction.

Stryke →Derive →