Top Hat vs Venice Token

Venice Token (VVV) is 19171.0× the size of Top Hat (HAT) by market capitalisation. Over the past 30 days, VVV is ahead by 29.9 percentage points (HAT -29.9% against VVV +0.0%). Their daily returns move barely together (correlation 0.08 across 24 shared trading days). VVV has been the more volatile of the two, at 169% annualised against HAT's 43%.

Correlation: 0.08
Size ratio: 1 : 19171.0
Ahead over 30 days: VVV

Top HatHAT

$5.379e-5

24h: —
Market cap: $53,243
Volume 24h: $5
Volatility (ann.): 43%

Venice TokenVVV

$20.8700

24h: -5.27%
Market cap: $1.02B
Volume 24h: $47.85M
Volatility (ann.): 169%

HAT 0.0%Share of the two combined market caps100.0% VVV

Performance

HATVVV

7 days-10.38%-9.39%VVV
30 days-29.91%+0.00%VVV

Correlation

0.08over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	HAT	VVV
Max drawdown (400d)	-30.9%	-29.6%
Risk-adjusted return (90d)	-0.69	0.50

Relative strength over 90 days: VVV outperformed HAT by 16.9% — measured on the HAT/VVV ratio, so it holds regardless of market direction.

Top Hat →Venice Token →