evaUSDC vs Steakhouse Confidential Prime USDC

Steakhouse Confidential Prime USDC (STEAKCUSDC) is 11.2× the size of evaUSDC (EVAUSDC) by market capitalisation. Over the past 30 days, STEAKCUSDC is ahead by 1.4 percentage points (EVAUSDC -0.5% against STEAKCUSDC +0.9%). Their daily returns move barely together (correlation 0.07 across 36 shared trading days). EVAUSDC has been the more volatile of the two, at 3% annualised against STEAKCUSDC's 2%.

Correlation: 0.07
Size ratio: 1 : 11.2
Ahead over 30 days: STEAKCUSDC

evaUSDCEVAUSDC

$0.993457

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

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0290

24h: +0.02%
Market cap: $26.76M
Volume 24h: —
Volatility (ann.): 2%

EVAUSDC 8.2%Share of the two combined market caps91.8% STEAKCUSDC

Performance

EVAUSDCSTEAKCUSDC

7 days-0.21%+0.10%STEAKCUSDC
30 days-0.49%+0.88%STEAKCUSDC

Correlation

0.07over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	STEAKCUSDC
Max drawdown (400d)	-0.8%	-0.2%
Risk-adjusted return (90d)	-0.15	0.62

Relative strength over 90 days: STEAKCUSDC outperformed EVAUSDC by 1.6% — measured on the EVAUSDC/STEAKCUSDC ratio, so it holds regardless of market direction.

evaUSDC →Steakhouse Confidential Prime USDC →