EtherFi Liquid Reserve vs apyUSD

apyUSD (APYUSD) is 57.5× the size of EtherFi Liquid Reserve (LIQUIDRESERVE) by market capitalisation. Over the past 30 days, APYUSD is ahead by 3.3 percentage points (LIQUIDRESERVE +0.4% against APYUSD +3.6%). Their daily returns move barely together (correlation 0.30 across 22 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against LIQUIDRESERVE's 1%.

Correlation: 0.30
Size ratio: 1 : 57.5
Ahead over 30 days: APYUSD

EtherFi Liquid ReserveLIQUIDRESERVE

$1.0380

24h: +0.01%
Market cap: $2.66M
Volume 24h: —
Volatility (ann.): 1%

apyUSDAPYUSD

$1.4200

24h: +0.38%
Market cap: $152.89M
Volume 24h: $1.03M
Volatility (ann.): 14%

LIQUIDRESERVE 1.7%Share of the two combined market caps98.3% APYUSD

Performance

LIQUIDRESERVEAPYUSD

7 days+0.10%+0.71%APYUSD
30 days+0.39%+3.65%APYUSD

Correlation

0.30over 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	LIQUIDRESERVE	APYUSD
Max drawdown (400d)	0.0%	-2.8%
Risk-adjusted return (90d)	0.61	0.62

Relative strength over 90 days: APYUSD outperformed LIQUIDRESERVE by 2.5% — measured on the LIQUIDRESERVE/APYUSD ratio, so it holds regardless of market direction.

EtherFi Liquid Reserve →apyUSD →