USDS (USDS) is 98311.5× the size of Based Apu (APU) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 22 shared trading days). APU has been the more volatile of the two, at 281% annualised against USDS's 1%.
APUUSDS
-0.11over 22 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 | APU | USDS |
|---|---|---|
| Max drawdown (400d) | -9.7% | -0.4% |
| Risk-adjusted return (90d) | 0.14 | 0.07 |
Relative strength over 90 days: APU outperformed USDS by 38.7% — measured on the APU/USDS ratio, so it holds regardless of market direction.