USDS (USDS) is 84.6× the size of Aster USDF (USDF) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 57 shared trading days). USDF has been the more volatile of the two, at 2% annualised against USDS's 1%.
USDFUSDS
0.75over 57 shared trading days
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.
| Metric | USDF | USDS |
|---|---|---|
| Max drawdown (400d) | -0.8% | -0.4% |
| Risk-adjusted return (90d) | -0.05 | 0.01 |
Relative strength over 90 days: USDS outperformed USDF by 0.1% — measured on the USDF/USDS ratio, so it holds regardless of market direction.