Internet Computer (ICP) is 889.5× the size of Vanar (VANRY) by market capitalisation. Over the past 1 year, ICP is ahead by 61.9 percentage points (VANRY -98.4% against ICP -36.5%). Their daily returns move barely together (correlation 0.24 across 354 shared trading days). VANRY has been the more volatile of the two, at 131% annualised against ICP's 108%.
VANRYICP
0.24over 354 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 | VANRY | ICP |
|---|---|---|
| Max drawdown (400d) | -98.5% | -77.4% |
| Risk-adjusted return (90d) | -0.46 | 0.25 |
| Best 30 days (past year) | — | +49.6% |
| Worst 30 days (past year) | — | -62.1% |
Relative strength over 90 days: ICP outperformed VANRY by 88.7% — measured on the VANRY/ICP ratio, so it holds regardless of market direction.