Tradoor vs Derive

Derive (DRV) is 47.6× the size of Tradoor (TRADOOR) by market capitalisation. Over the past 30 days, DRV is ahead by 145.1 percentage points (TRADOOR -8.6% against DRV +136.5%). Their daily returns move loosely together (correlation 0.59 across 34 shared trading days). DRV has been the more volatile of the two, at 590% annualised against TRADOOR's 81%.

Correlation: 0.59
Size ratio: 1 : 47.6
Ahead over 30 days: DRV

TradoorTRADOOR

$0.591464

24h: +2.55%
Market cap: $8.49M
Volume 24h: $1.40M
Volatility (ann.): 81%

DeriveDRV

$0.380328

24h: +20.53%
Market cap: $404.12M
Volume 24h: $19.52M
Volatility (ann.): 590%

TRADOOR 2.1%Share of the two combined market caps97.9% DRV

Performance

TRADOORDRV

7 days-9.28%-8.10%DRV
30 days-8.63%+136.49%DRV

Correlation

0.59over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	TRADOOR	DRV
Max drawdown (400d)	-23.6%	-32.6%
Risk-adjusted return (90d)	-0.04	0.45

Relative strength over 90 days: DRV outperformed TRADOOR by 52.8% — measured on the TRADOOR/DRV ratio, so it holds regardless of market direction.

Tradoor →Derive →