Venice Token (VVV) is 17759.4× the size of YoYo (YOYO) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 29 shared trading days). VVV has been the more volatile of the two, at 169% annualised against YOYO's 109%.
YOYOVVV
0.40over 29 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 | YOYO | VVV |
|---|---|---|
| Max drawdown (400d) | -52.8% | -29.6% |
| Risk-adjusted return (90d) | 0.10 | 0.50 |
Relative strength over 90 days: VVV outperformed YOYO by 35.5% — measured on the YOYO/VVV ratio, so it holds regardless of market direction.