evaUSDC vs Galaxy USDC Quality (Ethereum)

Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) is 4.2× the size of evaUSDC (EVAUSDC) by market capitalisation. Over the past 30 days, ETH:GUSDCQ is ahead by 0.9 percentage points (EVAUSDC -0.5% against ETH:GUSDCQ +0.4%). Their daily returns move barely in opposite directions (correlation -0.13 across 27 shared trading days). EVAUSDC has been the more volatile of the two, at 3% annualised against ETH:GUSDCQ's 2%.

Correlation: -0.13
Size ratio: 1 : 4.2
Ahead over 30 days: ETH:GUSDCQ

evaUSDCEVAUSDC

$0.993457

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

Galaxy USDC Quality (Ethereum)ETH:GUSDCQ

$1.0220

24h: +0.04%
Market cap: $10.11M
Volume 24h: —
Volatility (ann.): 2%

EVAUSDC 19.1%Share of the two combined market caps80.9% ETH:GUSDCQ

Performance

EVAUSDCETH:GUSDCQ

7 days-0.21%+0.10%ETH:GUSDCQ
30 days-0.49%+0.39%ETH:GUSDCQ

Correlation

-0.13over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	ETH:GUSDCQ
Max drawdown (400d)	-0.8%	-0.3%
Risk-adjusted return (90d)	-0.15	0.19

Relative strength over 90 days: ETH:GUSDCQ outperformed EVAUSDC by 0.5% — measured on the EVAUSDC/ETH:GUSDCQ ratio, so it holds regardless of market direction.

evaUSDC →Galaxy USDC Quality (Ethereum) →