Zora vs Derive

Derive (DRV) is 14.6× the size of Zora (ZORA) by market capitalisation. Over the past 30 days, DRV is ahead by 145.2 percentage points (ZORA -31.3% against DRV +113.9%). Their daily returns move loosely together (correlation 0.37 across 47 shared trading days). DRV has been the more volatile of the two, at 596% annualised against ZORA's 163%.

Correlation: 0.37
Size ratio: 1 : 14.6
Ahead over 30 days: DRV

ZoraZORA

$0.005613

24h: +0.73%
Market cap: $25.09M
Volume 24h: $8.65M
Volatility (ann.): 163%

DeriveDRV

$0.344815

24h: +10.71%
Market cap: $366.27M
Volume 24h: $7.77M
Volatility (ann.): 596%

ZORA 6.4%Share of the two combined market caps93.6% DRV

Performance

ZORADRV

7 days-14.49%-12.47%DRV
30 days-31.34%+113.87%DRV

Correlation

0.37over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	ZORA	DRV
Max drawdown (400d)	-42.5%	-32.6%
Risk-adjusted return (90d)	-0.08	0.40

Relative strength over 90 days: DRV outperformed ZORA by 69.7% — measured on the ZORA/DRV ratio, so it holds regardless of market direction.

Zora →Derive →