USDS (USDS) is 1628532.5× the size of based aura (AURA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 21 shared trading days). AURA has been the more volatile of the two, at 47% annualised against USDS's 1%.
AURAUSDS
-0.04over 21 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 | AURA | USDS |
|---|---|---|
| Max drawdown (400d) | -17.9% | -0.4% |
| Risk-adjusted return (90d) | -0.35 | 0.00 |
Relative strength over 90 days: USDS outperformed AURA by 16.7% — measured on the AURA/USDS ratio, so it holds regardless of market direction.