Felix feUSD vs USDD

USDD (USDD) is 19.7× the size of Felix feUSD (FEUSD) by market capitalisation. Over the past 30 days, FEUSD is ahead by 0.2 percentage points (FEUSD +0.0% against USDD -0.1%). Their daily returns move barely in opposite directions (correlation -0.21 across 54 shared trading days). FEUSD has been the more volatile of the two, at 4% annualised against USDD's 2%.

Correlation: -0.21
Size ratio: 1 : 19.7
Ahead over 30 days: FEUSD

Felix feUSDFEUSD

$0.999658

24h: +0.18%
Market cap: $74.98M
Volume 24h: $44,597
Volatility (ann.): 4%

USDDUSDD

$0.997745

24h: +0.07%
Market cap: $1.48B
Volume 24h: $2.31M
Volatility (ann.): 2%

FEUSD 4.8%Share of the two combined market caps95.2% USDD

Performance

FEUSDUSDD

7 days-0.12%+0.11%USDD
30 days+0.03%-0.14%FEUSD

Correlation

-0.21over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2690d: 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	USDD
Max drawdown (400d)	-1.0%	-0.4%
Risk-adjusted return (90d)	0.02	-0.15

Relative strength over 90 days: FEUSD outperformed USDD by 0.3% — measured on the FEUSD/USDD ratio, so it holds regardless of market direction.

Felix feUSD →USDD →