Axis USD vs Re Protocol reUSD

Re Protocol reUSD (REUSD) is 5.5× the size of Axis USD (USDX) by market capitalisation. Over the past 30 days, REUSD is ahead by 1.1 percentage points (USDX -0.2% against REUSD +0.9%). Their daily returns move barely in opposite directions (correlation -0.06 across 26 shared trading days). USDX has been the more volatile of the two, at 4% annualised against REUSD's 2%.

Correlation: -0.06
Size ratio: 1 : 5.5
Ahead over 30 days: REUSD

Axis USDUSDX

$0.999170

24h: +0.03%
Market cap: $67.90M
Volume 24h: $1.72M
Volatility (ann.): 4%

Re Protocol reUSDREUSD

$1.1100

24h: +0.10%
Market cap: $372.60M
Volume 24h: $7.52M
Volatility (ann.): 2%

USDX 15.4%Share of the two combined market caps84.6% REUSD

Performance

USDXREUSD

7 days+0.06%+0.00%USDX
30 days-0.17%+0.91%REUSD

Correlation

-0.06over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	USDX	REUSD
Max drawdown (400d)	-1.1%	-0.1%
Risk-adjusted return (90d)	0.02	0.53

Relative strength over 90 days: REUSD outperformed USDX by 0.9% — measured on the USDX/REUSD ratio, so it holds regardless of market direction.

Axis USD →Re Protocol reUSD →