Virtuals Protocol (VIRTUAL) is 4.1× the size of 0G (0G) by market capitalisation. Over the past 1 year, VIRTUAL is ahead by 30.3 percentage points (VIRTUAL -56.1% against 0G -86.4%). Their daily returns move barely together (correlation 0.31 across 399 shared trading days). Both have run at a similar volatility, around 120% annualised.
VIRTUAL0G
0.31over 399 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 | VIRTUAL | 0G |
|---|---|---|
| Max drawdown (400d) | -71.7% | -95.9% |
| Risk-adjusted return (90d) | 0.06 | 0.10 |
| Best 30 days (past year) | +47.4% | +99.1% |
| Worst 30 days (past year) | -54.7% | -53.0% |
Relative strength over 90 days: 0G outperformed VIRTUAL by 5.3% — measured on the VIRTUAL/0G ratio, so it holds regardless of market direction.