Filecoin (FIL) is 750.3× the size of V.SYSTEMS (VSYS) by market capitalisation. Over the past 1 year, VSYS is ahead by 9.6 percentage points (VSYS -31.0% against FIL -40.5%). Their daily returns move barely together (correlation 0.11 across 363 shared trading days). Both have run at a similar volatility, around 129% annualised.
VSYSFIL
0.11over 363 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 | VSYS | FIL |
|---|---|---|
| Max drawdown (400d) | -72.5% | -81.4% |
| Risk-adjusted return (90d) | 0.54 | 0.19 |
| Best 30 days (past year) | — | +66.2% |
| Worst 30 days (past year) | — | -57.1% |
Relative strength over 90 days: FIL outperformed VSYS by 27.0% — measured on the VSYS/FIL ratio, so it holds regardless of market direction.