apyUSD vs Galaxy USDC Quality (Ethereum)

apyUSD (APYUSD) is 15.1× the size of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) by market capitalisation. Over the past 30 days, APYUSD is ahead by 3.3 percentage points (APYUSD +3.6% against ETH:GUSDCQ +0.4%). Their daily returns move loosely together (correlation 0.42 across 23 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against ETH:GUSDCQ's 2%.

Correlation: 0.42
Size ratio: 15.1×
Ahead over 30 days: APYUSD

apyUSDAPYUSD

$1.4200

24h: +0.09%
Market cap: $152.45M
Volume 24h: $912,163
Volatility (ann.): 14%

Galaxy USDC Quality (Ethereum)ETH:GUSDCQ

$1.0220

24h: +0.04%
Market cap: $10.11M
Volume 24h: —
Volatility (ann.): 2%

APYUSD 93.8%Share of the two combined market caps6.2% ETH:GUSDCQ

Performance

APYUSDETH:GUSDCQ

7 days+0.71%+0.10%APYUSD
30 days+3.65%+0.39%APYUSD

Correlation

0.42over 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	APYUSD	ETH:GUSDCQ
Max drawdown (400d)	-2.8%	-0.3%
Risk-adjusted return (90d)	0.62	0.19

Relative strength over 90 days: APYUSD outperformed ETH:GUSDCQ by 3.3% — measured on the APYUSD/ETH:GUSDCQ ratio, so it holds regardless of market direction.

apyUSD →Galaxy USDC Quality (Ethereum) →