Venice Token (VVV) is 14132.2× the size of The Audit Oracle (AUDIT) by market capitalisation. Their daily returns move barely together (correlation 0.18 across 21 shared trading days). VVV has been the more volatile of the two, at 169% annualised against AUDIT's 116%.
AUDITVVV
0.18over 21 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 | AUDIT | VVV |
|---|---|---|
| Max drawdown (400d) | -62.9% | -29.6% |
| Risk-adjusted return (90d) | -0.05 | 0.50 |
Relative strength over 90 days: VVV outperformed AUDIT by 47.9% — measured on the AUDIT/VVV ratio, so it holds regardless of market direction.