Argon vs Falcon USD

Falcon USD (USDF) is 12054.6× the size of Argon (ARGN) by market capitalisation. Over the past 30 days, USDF is ahead by 4.7 percentage points (ARGN -5.1% against USDF -0.4%). Their daily returns move barely in opposite directions (correlation -0.27 across 21 shared trading days). ARGN has been the more volatile of the two, at 40% annualised against USDF's 1%.

Correlation: -0.27
Size ratio: 1 : 12054.6
Ahead over 30 days: USDF

ArgonARGN

$1.0020

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

Falcon USDUSDF

$0.994582

24h: +0.26%
Market cap: $1.83B
Volume 24h: $976,415
Volatility (ann.): 1%

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

Performance

ARGNUSDF

7 days+1.91%-0.24%ARGN
30 days-5.06%-0.39%USDF

Correlation

-0.27over 21 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	USDF
Max drawdown (400d)	-8.2%	-0.6%
Risk-adjusted return (90d)	-0.13	-0.31

Relative strength over 90 days: USDF outperformed ARGN by 4.9% — measured on the ARGN/USDF ratio, so it holds regardless of market direction.

Argon →Falcon USD →