3Jane USD3 vs Nest BlackOpal LiquidStone II Vault

Nest BlackOpal LiquidStone II Vault (NOPAL) is 1.0× the size of 3Jane USD3 (USD3) by market capitalisation. Over the past 30 days, NOPAL is ahead by 0.4 percentage points (USD3 +0.8% against NOPAL +1.3%). Their daily returns move loosely together (correlation 0.44 across 38 shared trading days). USD3 has been the more volatile of the two, at 12% annualised against NOPAL's 2%.

Correlation: 0.44
Size ratio: 1 : 1.0
Ahead over 30 days: NOPAL

3Jane USD3USD3

$1.2000

24h: +0.08%
Market cap: $115.90M
Volume 24h: $177,361
Volatility (ann.): 12%

Nest BlackOpal LiquidStone II VaultNOPAL

$1.1100

24h: +0.04%
Market cap: $116.13M
Volume 24h: —
Volatility (ann.): 2%

USD3 50.0%Share of the two combined market caps50.0% NOPAL

Performance

USD3NOPAL

7 days+0.00%+0.00%USD3
30 days+0.84%+1.28%NOPAL

Correlation

0.44over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	USD3	NOPAL
Max drawdown (400d)	-0.8%	0.0%
Risk-adjusted return (90d)	0.22	0.82

Relative strength over 90 days: USD3 outperformed NOPAL by 0.8% — measured on the USD3/NOPAL ratio, so it holds regardless of market direction.

3Jane USD3 →Nest BlackOpal LiquidStone II Vault →