evaUSDT vs apyUSD

apyUSD (APYUSD) is 58.4× the size of evaUSDT (EVAUSDT) by market capitalisation. Over the past 30 days, APYUSD is ahead by 3.9 percentage points (EVAUSDT -0.3% against APYUSD +3.6%). Their daily returns move barely in opposite directions (correlation -0.07 across 31 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against EVAUSDT's 5%.

Correlation: -0.07
Size ratio: 1 : 58.4
Ahead over 30 days: APYUSD

evaUSDTEVAUSDT

$0.994288

24h: +0.06%
Market cap: $2.62M
Volume 24h: $216
Volatility (ann.): 5%

apyUSDAPYUSD

$1.4200

24h: +0.40%
Market cap: $152.85M
Volume 24h: $1.03M
Volatility (ann.): 14%

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

Performance

EVAUSDTAPYUSD

7 days-0.15%+0.71%APYUSD
30 days-0.30%+3.65%APYUSD

Correlation

-0.07over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	EVAUSDT	APYUSD
Max drawdown (400d)	-1.2%	-2.8%
Risk-adjusted return (90d)	-0.07	0.62

Relative strength over 90 days: APYUSD outperformed EVAUSDT by 3.8% — measured on the EVAUSDT/APYUSD ratio, so it holds regardless of market direction.

evaUSDT →apyUSD →