Fidelity Digital Dollar vs Dai

Dai (DAI) is 96.4× the size of Fidelity Digital Dollar (FIDD) by market capitalisation. Over the past 30 days, DAI is ahead by 0.0 percentage points (FIDD -0.0% against DAI +0.0%). Their daily returns move loosely together (correlation 0.41 across 23 shared trading days). Both have run at a similar volatility, around 1% annualised.

Correlation: 0.41
Size ratio: 1 : 96.4
Ahead over 30 days: DAI

Fidelity Digital DollarFIDD

$0.999412

24h: +0.02%
Market cap: $46.83M
Volume 24h: $13.28M
Volatility (ann.): 1%

DaiDAI

$0.999857

24h: -0.02%
Market cap: $4.51B
Volume 24h: $118.01M
Volatility (ann.): 1%

FIDD 1.0%Share of the two combined market caps99.0% DAI

Performance

FIDDDAI

7 days+0.04%+0.03%FIDD
30 days-0.02%+0.00%DAI

Correlation

0.41over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	FIDD	DAI
Max drawdown (400d)	-0.1%	-0.1%
Risk-adjusted return (90d)	-0.06	0.03

Relative strength over 90 days: DAI outperformed FIDD by 0.1% — measured on the FIDD/DAI ratio, so it holds regardless of market direction.

Fidelity Digital Dollar →Dai →