evaUSDC vs apyUSD

apyUSD (APYUSD) is 64.2× the size of evaUSDC (EVAUSDC) by market capitalisation. Over the past 30 days, APYUSD is ahead by 4.1 percentage points (EVAUSDC -0.5% against APYUSD +3.6%). Their daily returns move barely in opposite directions (correlation -0.15 across 30 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against EVAUSDC's 3%.

Correlation: -0.15
Size ratio: 1 : 64.2
Ahead over 30 days: APYUSD

evaUSDCEVAUSDC

$0.993457

24h: -0.08%
Market cap: $2.38M
Volume 24h: $110
Volatility (ann.): 3%

apyUSDAPYUSD

$1.4200

24h: -0.15%
Market cap: $152.87M
Volume 24h: $1.69M
Volatility (ann.): 14%

EVAUSDC 1.5%Share of the two combined market caps98.5% APYUSD

Performance

EVAUSDCAPYUSD

7 days-0.21%+0.71%APYUSD
30 days-0.49%+3.65%APYUSD

Correlation

-0.15over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	EVAUSDC	APYUSD
Max drawdown (400d)	-0.8%	-2.8%
Risk-adjusted return (90d)	-0.15	0.62

Relative strength over 90 days: APYUSD outperformed EVAUSDC by 3.9% — measured on the EVAUSDC/APYUSD ratio, so it holds regardless of market direction.

evaUSDC →apyUSD →