evaUSDT vs Galaxy USDC Quality (Ethereum)

Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) is 3.9× the size of evaUSDT (EVAUSDT) by market capitalisation. Over the past 30 days, ETH:GUSDCQ is ahead by 0.7 percentage points (EVAUSDT -0.3% against ETH:GUSDCQ +0.4%). Their daily returns move barely in opposite directions (correlation -0.03 across 30 shared trading days). EVAUSDT has been the more volatile of the two, at 5% annualised against ETH:GUSDCQ's 2%.

Correlation: -0.03
Size ratio: 1 : 3.9
Ahead over 30 days: ETH:GUSDCQ

evaUSDTEVAUSDT

$0.994288

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

Galaxy USDC Quality (Ethereum)ETH:GUSDCQ

$1.0220

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

EVAUSDT 20.6%Share of the two combined market caps79.4% ETH:GUSDCQ

Performance

EVAUSDTETH:GUSDCQ

7 days-0.15%+0.10%ETH:GUSDCQ
30 days-0.30%+0.39%ETH:GUSDCQ

Correlation

-0.03over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	ETH:GUSDCQ
Max drawdown (400d)	-1.2%	-0.3%
Risk-adjusted return (90d)	-0.07	0.19

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

evaUSDT →Galaxy USDC Quality (Ethereum) →