evaUSDC vs Galaxy USDT Quality

Galaxy USDT Quality (ETH:GUSDTQ) is 4.6× the size of evaUSDC (EVAUSDC) by market capitalisation. Over the past 30 days, ETH:GUSDTQ is ahead by 0.8 percentage points (EVAUSDC -0.5% against ETH:GUSDTQ +0.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 26 shared trading days). EVAUSDC has been the more volatile of the two, at 3% annualised against ETH:GUSDTQ's 2%.

Correlation: -0.15
Size ratio: 1 : 4.6
Ahead over 30 days: ETH:GUSDTQ

evaUSDCEVAUSDC

$0.993457

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

Galaxy USDT QualityETH:GUSDTQ

$1.0180

24h: +0.02%
Market cap: $10.87M
Volume 24h: —
Volatility (ann.): 2%

EVAUSDC 18.0%Share of the two combined market caps82.0% ETH:GUSDTQ

Performance

EVAUSDCETH:GUSDTQ

7 days-0.21%+0.10%ETH:GUSDTQ
30 days-0.49%+0.30%ETH:GUSDTQ

Correlation

-0.15over 26 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	ETH:GUSDTQ
Max drawdown (400d)	-0.8%	-0.2%
Risk-adjusted return (90d)	-0.15	0.17

Relative strength over 90 days: ETH:GUSDTQ outperformed EVAUSDC by 0.4% — measured on the EVAUSDC/ETH:GUSDTQ ratio, so it holds regardless of market direction.

evaUSDC →Galaxy USDT Quality →