Enosys Loans CDP vs crvUSD

crvUSD (CRVUSD) is 36.8× the size of Enosys Loans CDP (CDP) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 0.5 percentage points (CDP -0.6% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.18 across 22 shared trading days). CDP has been the more volatile of the two, at 2% annualised against CRVUSD's 1%.

Correlation: 0.18
Size ratio: 1 : 36.8
Ahead over 30 days: CRVUSD

Enosys Loans CDPCDP

$0.987349

24h: -0.05%
Market cap: $4.17M
Volume 24h: $123,884
Volatility (ann.): 2%

crvUSDCRVUSD

$0.999150

24h: +0.05%
Market cap: $153.63M
Volume 24h: $24.69M
Volatility (ann.): 1%

CDP 2.6%Share of the two combined market caps97.4% CRVUSD

Performance

CDPCRVUSD

7 days+0.06%+0.04%CDP
30 days-0.62%-0.09%CRVUSD

Correlation

0.18over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CDP	CRVUSD
Max drawdown (400d)	-0.8%	-0.3%
Risk-adjusted return (90d)	-0.28	0.00

Relative strength over 90 days: CRVUSD outperformed CDP by 0.7% — measured on the CDP/CRVUSD ratio, so it holds regardless of market direction.

Enosys Loans CDP →crvUSD →