Brazilian Digital vs crvUSD

crvUSD (CRVUSD) is 3.2× the size of Brazilian Digital (BRZ) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 7.2 percentage points (BRZ -7.3% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.11 across 51 shared trading days). BRZ has been the more volatile of the two, at 25% annualised against CRVUSD's 1%.

Correlation: 0.11
Size ratio: 1 : 3.2
Ahead over 30 days: CRVUSD

Brazilian DigitalBRZ

$0.181760

24h: +0.46%
Market cap: $48.97M
Volume 24h: $352,409
Volatility (ann.): 25%

crvUSDCRVUSD

$0.999988

24h: +0.08%
Market cap: $155.71M
Volume 24h: $34.32M
Volatility (ann.): 1%

BRZ 23.9%Share of the two combined market caps76.1% CRVUSD

Performance

BRZCRVUSD

7 days-3.16%+0.04%CRVUSD
30 days-7.31%-0.09%CRVUSD

Correlation

0.11over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	BRZ	CRVUSD
Max drawdown (400d)	-9.2%	-0.3%
Risk-adjusted return (90d)	-0.24	0.00

Relative strength over 90 days: CRVUSD outperformed BRZ by 6.1% — measured on the BRZ/CRVUSD ratio, so it holds regardless of market direction.

Brazilian Digital →crvUSD →