USDC (USDC) is 210592.8× the size of Attention Token (ATTN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.12 across 35 shared trading days). ATTN has been the more volatile of the two, at 70% annualised against USDC's 0%.
ATTNUSDC
-0.12over 35 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 | ATTN | USDC |
|---|---|---|
| Max drawdown (400d) | -19.2% | -0.3% |
| Risk-adjusted return (90d) | -0.18 | 0.01 |
| Best 30 days (past year) | — | +0.2% |
| Worst 30 days (past year) | — | -0.2% |
Relative strength over 90 days: USDC outperformed ATTN by 12.5% — measured on the ATTN/USDC ratio, so it holds regardless of market direction.