Venice Token (VVV) is 2725.4× the size of WhiteBridge Network (WBAI) by market capitalisation. Their daily returns move barely together (correlation 0.30 across 44 shared trading days). WBAI has been the more volatile of the two, at 224% annualised against VVV's 170%.
WBAIVVV
0.30over 44 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 | WBAI | VVV |
|---|---|---|
| Max drawdown (400d) | -98.5% | -29.6% |
| Risk-adjusted return (90d) | -0.13 | 0.54 |
Relative strength over 90 days: VVV outperformed WBAI by 74.6% — measured on the WBAI/VVV ratio, so it holds regardless of market direction.