Anzen USDz vs crvUSD

crvUSD (CRVUSD) is 22.1× the size of Anzen USDz (USDZ) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 5.1 percentage points (USDZ -5.1% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.29 across 31 shared trading days). USDZ has been the more volatile of the two, at 37% annualised against CRVUSD's 1%.

Correlation: -0.29
Size ratio: 1 : 22.1
Ahead over 30 days: CRVUSD

Anzen USDzUSDZ

$0.922661

24h: -0.61%
Market cap: $6.96M
Volume 24h: $555
Volatility (ann.): 37%

crvUSDCRVUSD

$0.999127

24h: +0.05%
Market cap: $153.63M
Volume 24h: $24.45M
Volatility (ann.): 1%

USDZ 4.3%Share of the two combined market caps95.7% CRVUSD

Performance

USDZCRVUSD

7 days-4.69%+0.04%CRVUSD
30 days-5.14%-0.09%CRVUSD

Correlation

-0.29over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2990d: 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	USDZ	CRVUSD
Max drawdown (400d)	-6.0%	-0.3%
Risk-adjusted return (90d)	0.06	0.00

Relative strength over 90 days: USDZ outperformed CRVUSD by 2.4% — measured on the USDZ/CRVUSD ratio, so it holds regardless of market direction.

Anzen USDz →crvUSD →