Basis Cash vs Dai

Dai (DAI) is 87037.0× the size of Basis Cash (BAC) by market capitalisation. Over the past 30 days, DAI is ahead by 1.7 percentage points (BAC -1.7% against DAI +0.0%). Their daily returns move loosely together (correlation 0.51 across 31 shared trading days). BAC has been the more volatile of the two, at 26% annualised against DAI's 1%.

Correlation: 0.51
Size ratio: 1 : 87037.0
Ahead over 30 days: DAI

Basis CashBAC

$0.000950

24h: +2.36%
Market cap: $51,820
Volume 24h: $926
Volatility (ann.): 26%

DaiDAI

$1.0000

24h: -0.00%
Market cap: $4.51B
Volume 24h: $191.10M
Volatility (ann.): 1%

BAC 0.0%Share of the two combined market caps100.0% DAI

Performance

BACDAI

7 days-1.72%+0.00%DAI
30 days-1.66%+0.02%DAI

Correlation

0.51over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	BAC	DAI
Max drawdown (400d)	-5.6%	-0.1%
Risk-adjusted return (90d)	-0.06	0.03

Relative strength over 90 days: DAI outperformed BAC by 1.7% — measured on the BAC/DAI ratio, so it holds regardless of market direction.

Basis Cash →Dai →