USDC (USDC) is 21821.9× the size of BRL1 (BRL1) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 285 shared trading days). BRL1 has been the more volatile of the two, at 17% annualised against USDC's 0%.
BRL1USDC
0.11over 285 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 | BRL1 | USDC |
|---|---|---|
| Max drawdown (400d) | -10.5% | -0.3% |
| Risk-adjusted return (90d) | -0.21 | 0.01 |
| Best 30 days (past year) | — | +0.2% |
| Worst 30 days (past year) | — | -0.2% |
Relative strength over 90 days: USDC outperformed BRL1 by 5.1% — measured on the BRL1/USDC ratio, so it holds regardless of market direction.