Venice Token (VVV) is 18929.6× the size of Y8U (Y8U) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 35 shared trading days). Both have run at a similar volatility, around 159% annualised.
Y8UVVV
0.21over 35 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 | Y8U | VVV |
|---|---|---|
| Max drawdown (400d) | -90.7% | -29.6% |
| Risk-adjusted return (90d) | -0.13 | 0.50 |
Relative strength over 90 days: VVV outperformed Y8U by 51.2% — measured on the Y8U/VVV ratio, so it holds regardless of market direction.