Veno USD vs Kinetiq

Kinetiq (KNTQ) is 60.3× the size of Veno USD (VUSD) by market capitalisation. Over the past 30 days, KNTQ is ahead by 148.7 percentage points (VUSD +1.4% against KNTQ +150.1%). Their daily returns move loosely together (correlation 0.41 across 24 shared trading days). KNTQ has been the more volatile of the two, at 201% annualised against VUSD's 34%.

Correlation: 0.41
Size ratio: 1 : 60.3
Ahead over 30 days: KNTQ

Veno USDVUSD

$1.0190

24h: -4.31%
Market cap: $2.64M
Volume 24h: $1,003
Volatility (ann.): 34%

KinetiqKNTQ

$0.498806

24h: +3.41%
Market cap: $159.43M
Volume 24h: $7.10M
Volatility (ann.): 201%

VUSD 1.6%Share of the two combined market caps98.4% KNTQ

Performance

VUSDKNTQ

7 days+1.74%+23.74%KNTQ
30 days+1.41%+150.06%KNTQ

Correlation

0.41over 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	VUSD	KNTQ
Max drawdown (400d)	-5.1%	-24.5%
Risk-adjusted return (90d)	0.04	1.26

Relative strength over 90 days: KNTQ outperformed VUSD by 40.6% — measured on the VUSD/KNTQ ratio, so it holds regardless of market direction.

Veno USD →Kinetiq →