Autonomous Secure Dollar vs Dai

Dai (DAI) is 64996.1× the size of Autonomous Secure Dollar (USSD) by market capitalisation. Over the past 30 days, USSD is ahead by 0.1 percentage points (USSD +0.2% against DAI +0.0%). Their daily returns move barely together (correlation 0.07 across 34 shared trading days). USSD has been the more volatile of the two, at 2% annualised against DAI's 1%.

Correlation: 0.07
Size ratio: 1 : 64996.1
Ahead over 30 days: USSD

Autonomous Secure DollarUSSD

$1.0080

24h: +1.40%
Market cap: $69,377
Volume 24h: $36
Volatility (ann.): 2%

DaiDAI

$1.0000

24h: +0.00%
Market cap: $4.51B
Volume 24h: $190.95M
Volatility (ann.): 1%

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

Performance

USSDDAI

7 days-0.04%+0.00%DAI
30 days+0.15%+0.02%USSD

Correlation

0.07over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0890d: 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	USSD	DAI
Max drawdown (400d)	-0.4%	-0.1%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: DAI outperformed USSD by 0.0% — measured on the USSD/DAI ratio, so it holds regardless of market direction.

Autonomous Secure Dollar →Dai →