ValiDAO (VDO) and Grass (GRASS) compared side by side. Over the past 30 days, GRASS is ahead by 80.5 percentage points (VDO -8.1% against GRASS +72.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 21 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against VDO's 94%.
VDOGRASS
-0.14over 21 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 | VDO | GRASS |
|---|---|---|
| Max drawdown (400d) | -20.8% | -25.3% |
| Risk-adjusted return (90d) | -0.08 | 0.35 |
Relative strength over 90 days: VDO outperformed GRASS by 23.5% — measured on the VDO/GRASS ratio, so it holds regardless of market direction.