Cardano vs USDS
USDS (USDS) is 1.0× the size of Cardano (ADA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.15 across 170 shared trading days). ADA has been the more volatile of the two, at 78% annualised against USDS's 0%.
Performance
| Period | ADA | USDS | Ahead |
|---|---|---|---|
| 7 days | +15.33% | -0.04% | ADA |
| 30 days | +21.85% | +0.02% | ADA |
| 90 days | +78.11% | -0.13% | ADA |
| 1 year | -66.11% | — | — |
Risk & extremes
| Metric | ADA | USDS |
|---|---|---|
| Max drawdown (400d) | -84.5% | -0.2% |
| Risk-adjusted return (90d) | 1.00 | -0.37 |
| Best 30 days (past year) | +38.4% | — |
| Worst 30 days (past year) | -42.7% | — |
Relative strength over 90 days: ADA outperformed USDS by 78.3% — measured on the ADA/USDS ratio, so it holds regardless of market direction.
Correlation
-0.15over 170 shared trading days
7d: insufficient data30d: -0.2890d: -0.291y: 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.