evaUSDT vs Steakhouse Confidential Prime USDC

Steakhouse Confidential Prime USDC (STEAKCUSDC) is 10.2× the size of evaUSDT (EVAUSDT) by market capitalisation. Over the past 30 days, STEAKCUSDC is ahead by 1.2 percentage points (EVAUSDT -0.3% against STEAKCUSDC +0.9%). Their daily returns move barely together (correlation 0.04 across 37 shared trading days). EVAUSDT has been the more volatile of the two, at 5% annualised against STEAKCUSDC's 2%.

Correlation: 0.04
Size ratio: 1 : 10.2
Ahead over 30 days: STEAKCUSDC

evaUSDTEVAUSDT

$0.994288

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

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0300

24h: +0.03%
Market cap: $26.76M
Volume 24h: —
Volatility (ann.): 2%

EVAUSDT 8.9%Share of the two combined market caps91.1% STEAKCUSDC

Performance

EVAUSDTSTEAKCUSDC

7 days-0.15%+0.10%STEAKCUSDC
30 days-0.30%+0.88%STEAKCUSDC

Correlation

0.04over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	STEAKCUSDC
Max drawdown (400d)	-1.2%	-0.2%
Risk-adjusted return (90d)	-0.07	0.62

Relative strength over 90 days: STEAKCUSDC outperformed EVAUSDT by 1.5% — measured on the EVAUSDT/STEAKCUSDC ratio, so it holds regardless of market direction.

evaUSDT →Steakhouse Confidential Prime USDC →