Argon vs USDD

USDD (USDD) is 9793.1× the size of Argon (ARGN) by market capitalisation. Over the past 30 days, USDD is ahead by 5.0 percentage points (ARGN -5.1% against USDD -0.1%). Their daily returns move barely in opposite directions (correlation -0.05 across 21 shared trading days). ARGN has been the more volatile of the two, at 40% annualised against USDD's 2%.

Correlation: -0.05
Size ratio: 1 : 9793.1
Ahead over 30 days: USDD

ArgonARGN

$1.0020

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

USDDUSDD

$0.999144

24h: +0.06%
Market cap: $1.49B
Volume 24h: $1.69M
Volatility (ann.): 2%

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

Performance

ARGNUSDD

7 days+1.91%-0.04%ARGN
30 days-5.06%-0.10%USDD

Correlation

-0.05over 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	USDD
Max drawdown (400d)	-8.2%	-0.4%
Risk-adjusted return (90d)	-0.13	-0.07

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

Argon →USDD →