Avant USD vs Dai

Dai (DAI) is 39.2× the size of Avant USD (AVUSD) by market capitalisation. Over the past 30 days, DAI is ahead by 0.2 percentage points (AVUSD -0.2% against DAI +0.0%). Their daily returns move barely together (correlation 0.16 across 26 shared trading days). AVUSD has been the more volatile of the two, at 2% annualised against DAI's 1%.

Correlation: 0.16
Size ratio: 1 : 39.2
Ahead over 30 days: DAI

Avant USDAVUSD

$0.997201

24h: +0.01%
Market cap: $115.07M
Volume 24h: $572
Volatility (ann.): 2%

DaiDAI

$1.0000

24h: -0.01%
Market cap: $4.51B
Volume 24h: $125.43M
Volatility (ann.): 1%

AVUSD 2.5%Share of the two combined market caps97.5% DAI

Performance

AVUSDDAI

7 days-0.07%+0.03%DAI
30 days-0.20%+0.00%DAI

Correlation

0.16over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	AVUSD	DAI
Max drawdown (400d)	-0.8%	-0.1%
Risk-adjusted return (90d)	-0.17	0.03

Relative strength over 90 days: DAI outperformed AVUSD by 0.2% — measured on the AVUSD/DAI ratio, so it holds regardless of market direction.

Avant USD →Dai →