Venice Token (VVV) is 47613.5× the size of Versa (VERSA) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 26 shared trading days). VERSA has been the more volatile of the two, at 225% annualised against VVV's 169%.
VERSAVVV
0.32over 26 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 | VERSA | VVV |
|---|---|---|
| Max drawdown (400d) | -93.4% | -29.6% |
| Risk-adjusted return (90d) | -0.56 | 0.50 |
Relative strength over 90 days: VVV outperformed VERSA by 39.7% — measured on the VERSA/VVV ratio, so it holds regardless of market direction.