Zeta vs Derive

Derive (DRV) is 1654.7× the size of Zeta (ZEX) by market capitalisation. Over the past 30 days, DRV is ahead by 127.5 percentage points (ZEX +9.0% against DRV +136.5%). Their daily returns move barely together (correlation 0.25 across 23 shared trading days). DRV has been the more volatile of the two, at 590% annualised against ZEX's 276%.

Correlation: 0.25
Size ratio: 1 : 1654.7
Ahead over 30 days: DRV

ZetaZEX

$0.001159

24h: +32.54%
Market cap: $217,536
Volume 24h: $965
Volatility (ann.): 276%

DeriveDRV

$0.338857

24h: -2.91%
Market cap: $359.95M
Volume 24h: $24.69M
Volatility (ann.): 590%

ZEX 0.1%Share of the two combined market caps99.9% DRV

Performance

ZEXDRV

7 days-7.47%-8.10%ZEX
30 days+8.97%+136.49%DRV

Correlation

0.25over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ZEX	DRV
Max drawdown (400d)	-47.9%	-32.6%
Risk-adjusted return (90d)	0.02	0.45

Relative strength over 90 days: ZEX outperformed DRV by 49.3% — measured on the ZEX/DRV ratio, so it holds regardless of market direction.

Zeta →Derive →