Virtuals Protocol (VIRTUAL) is 134.5× the size of Zyfai (ZFI) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.44 across 39 shared trading days). ZFI has been the more volatile of the two, at 270% annualised against VIRTUAL's 119%.
ZFIVIRTUAL
-0.44over 39 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 | ZFI | VIRTUAL |
|---|---|---|
| Max drawdown (400d) | -21.3% | -71.7% |
| Risk-adjusted return (90d) | 0.31 | 0.04 |
| Best 30 days (past year) | — | +47.4% |
| Worst 30 days (past year) | — | -54.7% |
Relative strength over 90 days: ZFI outperformed VIRTUAL by 115.3% — measured on the ZFI/VIRTUAL ratio, so it holds regardless of market direction.