Forte AUD vs USDS

USDS (USDS) is 2611.6× the size of Forte AUD (AUDF) by market capitalisation. Over the past 90 days, USDS is ahead by 2.5 percentage points (AUDF -2.5% against USDS +0.0%). Their daily returns move barely in opposite directions (correlation -0.15 across 170 shared trading days). AUDF has been the more volatile of the two, at 5% annualised against USDS's 1%.

Correlation: -0.15
Size ratio: 1 : 2611.6
Ahead over 90 days: USDS

Forte AUDAUDF

$0.698163

24h: -0.21%
Market cap: $3.67M
Volume 24h: $10,658
Volatility (ann.): 5%

USDSUSDS

$1.0011

24h: +0.02%
Market cap: $9.57B
Volume 24h: $205.32M
Volatility (ann.): 1%

AUDF 0.0%Share of the two combined market caps100.0% USDS

Performance

AUDFUSDS

7 days+0.16%-0.02%AUDF
30 days-1.90%+0.09%USDS
90 days-2.48%+0.01%USDS

Correlation

-0.15over 170 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2990d: -0.221y: 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	AUDF	USDS
Max drawdown (400d)	-3.6%	-0.4%
Risk-adjusted return (90d)	-0.49	0.01

Relative strength over 90 days: USDS outperformed AUDF by 2.5% — measured on the AUDF/USDS ratio, so it holds regardless of market direction.

Forte AUD →USDS →