evaUSDT vs Galaxy USDT Quality

Galaxy USDT Quality (ETH:GUSDTQ) is 4.2× the size of evaUSDT (EVAUSDT) by market capitalisation. Over the past 30 days, ETH:GUSDTQ is ahead by 0.6 percentage points (EVAUSDT -0.3% against ETH:GUSDTQ +0.3%). Their daily returns move barely in opposite directions (correlation -0.16 across 29 shared trading days). EVAUSDT has been the more volatile of the two, at 5% annualised against ETH:GUSDTQ's 2%.

Correlation: -0.16
Size ratio: 1 : 4.2
Ahead over 30 days: ETH:GUSDTQ

evaUSDTEVAUSDT

$0.994288

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

Galaxy USDT QualityETH:GUSDTQ

$1.0180

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

EVAUSDT 19.4%Share of the two combined market caps80.6% ETH:GUSDTQ

Performance

EVAUSDTETH:GUSDTQ

7 days-0.15%+0.10%ETH:GUSDTQ
30 days-0.30%+0.30%ETH:GUSDTQ

Correlation

-0.16over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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:GUSDTQ
Max drawdown (400d)	-1.2%	-0.2%
Risk-adjusted return (90d)	-0.07	0.17

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

evaUSDT →Galaxy USDT Quality →