Ultraround Money vs Frax Staked frxUSD

Frax Staked frxUSD (SFRXUSD) is 73.1× the size of Ultraround Money (CIRCLE) by market capitalisation. Over the past 30 days, SFRXUSD is ahead by 21.4 percentage points (CIRCLE -20.6% against SFRXUSD +0.8%). Their daily returns move closely in opposite directions (correlation -0.76 across 32 shared trading days). CIRCLE has been the more volatile of the two, at 73% annualised against SFRXUSD's 2%.

Correlation: -0.76
Size ratio: 1 : 73.1
Ahead over 30 days: SFRXUSD

Ultraround MoneyCIRCLE

$0.589216

24h: -1.09%
Market cap: $479,868
Volume 24h: $424
Volatility (ann.): 73%

Frax Staked frxUSDSFRXUSD

$1.2200

24h: +0.05%
Market cap: $35.07M
Volume 24h: $257,106
Volatility (ann.): 2%

CIRCLE 1.3%Share of the two combined market caps98.7% SFRXUSD

Performance

CIRCLESFRXUSD

7 days-15.66%+0.00%SFRXUSD
30 days-20.60%+0.83%SFRXUSD

Correlation

-0.76over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.8190d: 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	CIRCLE	SFRXUSD
Max drawdown (400d)	-27.9%	0.0%
Risk-adjusted return (90d)	-0.35	0.37

Relative strength over 90 days: SFRXUSD outperformed CIRCLE by 26.2% — measured on the CIRCLE/SFRXUSD ratio, so it holds regardless of market direction.

Ultraround Money →Frax Staked frxUSD →