The Innovation Game vs Venice Token

Venice Token (VVV) is 57.4× the size of The Innovation Game (TIG) by market capitalisation. Over the past 30 days, VVV is ahead by 13.7 percentage points (TIG -16.5% against VVV -2.8%). Their daily returns move barely together (correlation 0.24 across 34 shared trading days). Both have run at a similar volatility, around 161% annualised.

Correlation: 0.24
Size ratio: 1 : 57.4
Ahead over 30 days: VVV

The Innovation GameTIG

$0.527037

24h: -4.37%
Market cap: $19.78M
Volume 24h: $363,629
Volatility (ann.): 153%

Venice TokenVVV

$23.2600

24h: +5.12%
Market cap: $1.13B
Volume 24h: $47.04M
Volatility (ann.): 170%

TIG 1.7%Share of the two combined market caps98.3% VVV

Performance

TIGVVV

7 days-5.25%-12.69%TIG
30 days-16.46%-2.78%VVV

Correlation

0.24over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	TIG	VVV
Max drawdown (400d)	-46.1%	-29.6%
Risk-adjusted return (90d)	-0.20	0.54

Relative strength over 90 days: VVV outperformed TIG by 49.8% — measured on the TIG/VVV ratio, so it holds regardless of market direction.

The Innovation Game →Venice Token →