Felix feUSD vs Falcon USD

Falcon USD (USDF) is 24.4× the size of Felix feUSD (FEUSD) by market capitalisation. Over the past 30 days, FEUSD is ahead by 0.5 percentage points (FEUSD +0.0% against USDF -0.5%). Their daily returns move barely together (correlation 0.07 across 54 shared trading days). FEUSD has been the more volatile of the two, at 4% annualised against USDF's 1%.

Correlation: 0.07
Size ratio: 1 : 24.4
Ahead over 30 days: FEUSD

Felix feUSDFEUSD

$0.999733

24h: +0.20%
Market cap: $74.98M
Volume 24h: $45,066
Volatility (ann.): 4%

Falcon USDUSDF

$0.992690

24h: +0.05%
Market cap: $1.83B
Volume 24h: $753,013
Volatility (ann.): 1%

FEUSD 3.9%Share of the two combined market caps96.1% USDF

Performance

FEUSDUSDF

7 days-0.12%-0.30%FEUSD
30 days+0.03%-0.48%FEUSD

Correlation

0.07over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	FEUSD	USDF
Max drawdown (400d)	-1.0%	-0.6%
Risk-adjusted return (90d)	0.02	-0.39

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

Felix feUSD →Falcon USD →