Argon vs crvUSD

crvUSD (CRVUSD) is 1024.8× the size of Argon (ARGN) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 4.9 percentage points (ARGN -5.1% against CRVUSD -0.1%). Their daily returns move loosely in opposite directions (correlation -0.59 across 20 shared trading days). ARGN has been the more volatile of the two, at 40% annualised against CRVUSD's 1%.

Correlation: -0.59
Size ratio: 1 : 1024.8
Ahead over 30 days: CRVUSD

ArgonARGN

$1.0020

24h: —
Market cap: $152,164
Volume 24h: $10
Volatility (ann.): 40%

crvUSDCRVUSD

$0.999261

24h: -0.01%
Market cap: $155.94M
Volume 24h: $21.56M
Volatility (ann.): 1%

ARGN 0.1%Share of the two combined market caps99.9% CRVUSD

Performance

ARGNCRVUSD

7 days+1.91%-0.06%ARGN
30 days-5.06%-0.12%CRVUSD

Correlation

-0.59over 20 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	ARGN	CRVUSD
Max drawdown (400d)	-8.2%	-0.3%
Risk-adjusted return (90d)	-0.13	-0.06

Relative strength over 90 days: CRVUSD outperformed ARGN by 4.8% — measured on the ARGN/CRVUSD ratio, so it holds regardless of market direction.

Argon →crvUSD →