ThetaDrop vs Divo

ThetaDrop (TDROP) is 1.3× the size of Divo (DVO) by market capitalisation. Over the past 1 year, DVO is ahead by 795.8 percentage points (TDROP -58.5% against DVO +737.2%). Their daily returns move barely together (correlation 0.14 across 363 shared trading days). DVO has been the more volatile of the two, at 158% annualised against TDROP's 103%.

Correlation: 0.14
Size ratio: 1.3×
Ahead over 1 year: DVO

ThetaDropTDROP

$0.000428

24h: -0.14%
Market cap: $4.73M
Volume 24h: $54,883
Volatility (ann.): 103%

DivoDVO

$0.004350

24h: +0.35%
Market cap: $3.67M
Volume 24h: $22,723
Volatility (ann.): 158%

TDROP 56.3%Share of the two combined market caps43.7% DVO

Performance

TDROPDVO

7 days-1.58%-4.76%TDROP
30 days+14.74%+7.59%TDROP
90 days+27.37%+552.96%DVO
1 year-58.54%+737.24%DVO

Correlation

0.14over 363 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 0.111y: 0.14

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	TDROP	DVO
Max drawdown (400d)	-78.3%	-61.0%
Risk-adjusted return (90d)	0.43	1.97

Relative strength over 90 days: DVO outperformed TDROP by 80.5% — measured on the TDROP/DVO ratio, so it holds regardless of market direction.

ThetaDrop →Divo →