Convex Finance (CVX) is 18138.7× the size of Yeet (YEET) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 31 shared trading days). Both have run at a similar volatility, around 102% annualised.
YEETCVX
0.15over 31 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 | YEET | CVX |
|---|---|---|
| Max drawdown (400d) | -12.7% | -71.5% |
| Risk-adjusted return (90d) | 0.41 | 0.21 |
| Best 30 days (past year) | — | +88.3% |
| Worst 30 days (past year) | — | -37.0% |
Relative strength over 90 days: YEET outperformed CVX by 43.2% — measured on the YEET/CVX ratio, so it holds regardless of market direction.