USDS (USDS) is 280.7× the size of BasedHype (BASEDHYPE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 52 shared trading days). BASEDHYPE has been the more volatile of the two, at 100% annualised against USDS's 1%.
BASEDHYPEUSDS
-0.02over 52 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 | BASEDHYPE | USDS |
|---|---|---|
| Max drawdown (400d) | -46.7% | -0.4% |
| Risk-adjusted return (90d) | -0.43 | 0.01 |
Relative strength over 90 days: USDS outperformed BASEDHYPE by 42.7% — measured on the BASEDHYPE/USDS ratio, so it holds regardless of market direction.