Argon vs Dai

Dai (DAI) is 29774.2× the size of Argon (ARGN) by market capitalisation. Over the past 30 days, DAI is ahead by 5.1 percentage points (ARGN -5.1% against DAI +0.0%). Their daily returns move barely in opposite directions (correlation -0.29 across 32 shared trading days). ARGN has been the more volatile of the two, at 40% annualised against DAI's 1%.

Correlation: -0.29
Size ratio: 1 : 29774.2
Ahead over 30 days: DAI

ArgonARGN

$1.0020

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

DaiDAI

$1.0000

24h: +0.02%
Market cap: $4.53B
Volume 24h: $161.69M
Volatility (ann.): 1%

ARGN 0.0%Share of the two combined market caps100.0% DAI

Performance

ARGNDAI

7 days+1.91%+0.00%ARGN
30 days-5.06%+0.02%DAI

Correlation

-0.29over 32 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	ARGN	DAI
Max drawdown (400d)	-8.2%	-0.1%
Risk-adjusted return (90d)	-0.13	0.03

Relative strength over 90 days: DAI outperformed ARGN by 5.1% — measured on the ARGN/DAI ratio, so it holds regardless of market direction.

Argon →Dai →