Based Fwog vs USDS

USDS (USDS) is 184137.7× the size of Based Fwog (FWOG) by market capitalisation. Over the past 90 days, FWOG is ahead by 25.5 percentage points (FWOG +25.5% against USDS +0.1%). Their daily returns move barely in opposite directions (correlation -0.26 across 127 shared trading days). FWOG has been the more volatile of the two, at 78% annualised against USDS's 1%.

Correlation: -0.26
Size ratio: 1 : 184137.7
Ahead over 90 days: FWOG

Based FwogFWOG

$5.165e-7

24h: —
Market cap: $51,647
Volume 24h: $852
Volatility (ann.): 78%

USDSUSDS

$1.0012

24h: -0.01%
Market cap: $9.51B
Volume 24h: $289.43M
Volatility (ann.): 1%

FWOG 0.0%Share of the two combined market caps100.0% USDS

Performance

FWOGUSDS

7 days+0.33%+0.39%USDS
30 days+9.91%+0.13%FWOG
90 days+25.53%+0.08%FWOG

Correlation

-0.26over 127 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3990d: -0.281y: 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	FWOG	USDS
Max drawdown (400d)	-51.5%	-0.4%
Risk-adjusted return (90d)	0.36	0.07

Relative strength over 90 days: FWOG outperformed USDS by 25.6% — measured on the FWOG/USDS ratio, so it holds regardless of market direction.

Based Fwog →USDS →