apyUSD vs Steakhouse Confidential Prime USDC

apyUSD (APYUSD) is 5.8× the size of Steakhouse Confidential Prime USDC (STEAKCUSDC) by market capitalisation. Over the past 30 days, APYUSD is ahead by 2.8 percentage points (APYUSD +3.6% against STEAKCUSDC +0.9%). Their daily returns move barely together (correlation 0.01 across 45 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against STEAKCUSDC's 2%.

Correlation: 0.01
Size ratio: 5.8×
Ahead over 30 days: APYUSD

apyUSDAPYUSD

$1.4200

24h: -0.14%
Market cap: $152.69M
Volume 24h: $973,315
Volatility (ann.): 14%

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0300

24h: +0.03%
Market cap: $26.26M
Volume 24h: —
Volatility (ann.): 2%

APYUSD 85.3%Share of the two combined market caps14.7% STEAKCUSDC

Performance

APYUSDSTEAKCUSDC

7 days+0.71%+0.10%APYUSD
30 days+3.65%+0.88%APYUSD

Correlation

0.01over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	STEAKCUSDC
Max drawdown (400d)	-2.8%	-0.2%
Risk-adjusted return (90d)	0.62	0.62

Relative strength over 90 days: APYUSD outperformed STEAKCUSDC by 3.9% — measured on the APYUSD/STEAKCUSDC ratio, so it holds regardless of market direction.

apyUSD →Steakhouse Confidential Prime USDC →