Enosys Loans CDP vs USDD

USDD (USDD) is 354.5× the size of Enosys Loans CDP (CDP) by market capitalisation. Over the past 30 days, USDD is ahead by 0.5 percentage points (CDP -0.6% against USDD -0.1%). Their daily returns move barely in opposite directions (correlation -0.00 across 21 shared trading days). CDP has been the more volatile of the two, at 2% annualised against USDD's 2%.

Correlation: -0.00
Size ratio: 1 : 354.5
Ahead over 30 days: USDD

Enosys Loans CDPCDP

$0.987349

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

USDDUSDD

$0.998487

24h: +0.31%
Market cap: $1.48B
Volume 24h: $1.45M
Volatility (ann.): 2%

CDP 0.3%Share of the two combined market caps99.7% USDD

Performance

CDPUSDD

7 days+0.06%+0.11%USDD
30 days-0.62%-0.14%USDD

Correlation

-0.00over 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	USDD
Max drawdown (400d)	-0.8%	-0.4%
Risk-adjusted return (90d)	-0.28	-0.15

Relative strength over 90 days: USDD outperformed CDP by 0.6% — measured on the CDP/USDD ratio, so it holds regardless of market direction.

Enosys Loans CDP →USDD →