USDS (USDS) is 963.1× the size of Defi.money (MONEY) by market capitalisation. Their daily returns move barely together (correlation 0.08 across 30 shared trading days). MONEY has been the more volatile of the two, at 3% annualised against USDS's 1%.
MONEYUSDS
0.08over 30 shared trading days
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.
| Metric | MONEY | USDS |
|---|---|---|
| Max drawdown (400d) | -0.5% | -0.4% |
| Risk-adjusted return (90d) | 0.02 | 0.01 |
Relative strength over 90 days: MONEY outperformed USDS by 0.1% — measured on the MONEY/USDS ratio, so it holds regardless of market direction.