CoinMarketCap 20 Index DTF vs USDC

USDC (USDC) is 15996.4× the size of CoinMarketCap 20 Index DTF (CMC20) by market capitalisation. Over the past 1 year, USDC is ahead by 18.0 percentage points (CMC20 -17.9% against USDC +0.1%). Their daily returns move barely in opposite directions (correlation -0.30 across 324 shared trading days). CMC20 has been the more volatile of the two, at 48% annualised against USDC's 0%.

Correlation: -0.30
Size ratio: 1 : 15996.4
Ahead over 1 year: USDC

CoinMarketCap 20 Index DTFCMC20

$156.1000

24h: +0.11%
Market cap: $4.44M
Volume 24h: $1.84M
Volatility (ann.): 48%

USDCUSDC

$1.0008

24h: +0.01%
Market cap: $71.01B
Volume 24h: $16.34B
Volatility (ann.): 0%

CMC20 0.0%Share of the two combined market caps100.0% USDC

Performance

CMC20USDC

7 days-3.13%-0.00%USDC
30 days-2.35%+0.09%USDC
90 days+22.59%+0.02%CMC20
1 year-17.85%+0.10%USDC

Correlation

-0.30over 324 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5790d: -0.521y: -0.30

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	CMC20	USDC
Max drawdown (400d)	-42.1%	-0.3%
Risk-adjusted return (90d)	0.50	0.05
Best 30 days (past year)	—	+0.2%
Worst 30 days (past year)	—	-0.2%

Relative strength over 90 days: CMC20 outperformed USDC by 22.5% — measured on the CMC20/USDC ratio, so it holds regardless of market direction.

CoinMarketCap 20 Index DTF →USDC →