Convertible JPY Token vs crvUSD

crvUSD (CRVUSD) is 143.9× the size of Convertible JPY Token (CJPY) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 1.9 percentage points (CJPY -2.0% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.33 across 29 shared trading days). CJPY has been the more volatile of the two, at 15% annualised against CRVUSD's 1%.

Correlation: 0.33
Size ratio: 1 : 143.9
Ahead over 30 days: CRVUSD

Convertible JPY TokenCJPY

$0.005022

24h: +0.34%
Market cap: $1.07M
Volume 24h: $1,694
Volatility (ann.): 15%

crvUSDCRVUSD

$0.999046

24h: +0.04%
Market cap: $153.62M
Volume 24h: $24.50M
Volatility (ann.): 1%

CJPY 0.7%Share of the two combined market caps99.3% CRVUSD

Performance

CJPYCRVUSD

7 days-0.84%+0.04%CRVUSD
30 days-1.97%-0.09%CRVUSD

Correlation

0.33over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	CJPY	CRVUSD
Max drawdown (400d)	-4.2%	-0.3%
Risk-adjusted return (90d)	-0.22	0.00

Relative strength over 90 days: CRVUSD outperformed CJPY by 3.3% — measured on the CJPY/CRVUSD ratio, so it holds regardless of market direction.

Convertible JPY Token →crvUSD →