BaseUSDP vs Railgun

Railgun (RAIL) is 5190.5× the size of BaseUSDP (USDP) by market capitalisation. Over the past 30 days, RAIL is ahead by 62.4 percentage points (USDP -48.0% against RAIL +14.4%). Their daily returns move barely in opposite directions (correlation -0.11 across 22 shared trading days). USDP has been the more volatile of the two, at 1102% annualised against RAIL's 166%.

Correlation: -0.11
Size ratio: 1 : 5190.5
Ahead over 30 days: RAIL

BaseUSDPUSDP

$2.474e-7

24h: —
Market cap: $24,740
Volume 24h: $1,072
Volatility (ann.): 1102%

RailgunRAIL

$2.1400

24h: -6.51%
Market cap: $128.41M
Volume 24h: $93,187
Volatility (ann.): 166%

USDP 0.0%Share of the two combined market caps100.0% RAIL

Performance

USDPRAIL

7 days-25.35%+1.77%RAIL
30 days-47.96%+14.43%RAIL

Correlation

-0.11over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	USDP	RAIL
Max drawdown (400d)	-84.8%	-26.3%
Risk-adjusted return (90d)	-0.04	0.38

Relative strength over 90 days: RAIL outperformed USDP by 9.8% — measured on the USDP/RAIL ratio, so it holds regardless of market direction.

BaseUSDP →Railgun →