Derive (DRV) is 27.0× the size of Superform (UP) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 43 shared trading days). DRV has been the more volatile of the two, at 596% annualised against UP's 208%.
UPDRV
0.57over 43 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 | UP | DRV |
|---|---|---|
| Max drawdown (400d) | -49.5% | -32.6% |
| Risk-adjusted return (90d) | -0.01 | 0.40 |
Relative strength over 90 days: DRV outperformed UP by 69.1% — measured on the UP/DRV ratio, so it holds regardless of market direction.