Enosys Loans CDP vs Falcon USD

Falcon USD (USDF) is 438.5× the size of Enosys Loans CDP (CDP) by market capitalisation. Over the past 30 days, USDF is ahead by 0.1 percentage points (CDP -0.6% against USDF -0.5%). Their daily returns move barely together (correlation 0.04 across 21 shared trading days). CDP has been the more volatile of the two, at 2% annualised against USDF's 1%.

Correlation: 0.04
Size ratio: 1 : 438.5
Ahead over 30 days: USDF

Enosys Loans CDPCDP

$0.987349

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

Falcon USDUSDF

$0.991956

24h: +0.01%
Market cap: $1.83B
Volume 24h: $521,067
Volatility (ann.): 1%

CDP 0.2%Share of the two combined market caps99.8% USDF

Performance

CDPUSDF

7 days+0.06%-0.30%CDP
30 days-0.62%-0.48%USDF

Correlation

0.04over 21 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	USDF
Max drawdown (400d)	-0.8%	-0.6%
Risk-adjusted return (90d)	-0.28	-0.39

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

Enosys Loans CDP →Falcon USD →