Frankencoin vs crvUSD

crvUSD (CRVUSD) is 3.7× the size of Frankencoin (ZCHF) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 0.7 percentage points (ZCHF -0.8% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.14 across 49 shared trading days). ZCHF has been the more volatile of the two, at 8% annualised against CRVUSD's 1%.

Correlation: -0.14
Size ratio: 1 : 3.7
Ahead over 30 days: CRVUSD

FrankencoinZCHF

$1.2300

24h: +0.65%
Market cap: $42.43M
Volume 24h: $1.76M
Volatility (ann.): 8%

crvUSDCRVUSD

$0.999988

24h: +0.08%
Market cap: $155.71M
Volume 24h: $34.32M
Volatility (ann.): 1%

ZCHF 21.4%Share of the two combined market caps78.6% CRVUSD

Performance

ZCHFCRVUSD

7 days+0.83%+0.04%ZCHF
30 days-0.81%-0.09%CRVUSD

Correlation

-0.14over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3790d: 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	ZCHF	CRVUSD
Max drawdown (400d)	-3.2%	-0.3%
Risk-adjusted return (90d)	-0.31	0.00

Relative strength over 90 days: CRVUSD outperformed ZCHF by 2.3% — measured on the ZCHF/CRVUSD ratio, so it holds regardless of market direction.

Frankencoin →crvUSD →