Frankencoin vs Dai

Dai (DAI) is 106.3× the size of Frankencoin (ZCHF) by market capitalisation. Over the past 30 days, DAI is ahead by 0.8 percentage points (ZCHF -0.8% against DAI +0.0%). Their daily returns move barely in opposite directions (correlation -0.06 across 22 shared trading days). ZCHF has been the more volatile of the two, at 8% annualised against DAI's 1%.

Correlation: -0.06
Size ratio: 1 : 106.3
Ahead over 30 days: DAI

FrankencoinZCHF

$1.2300

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

DaiDAI

$1.0000

24h: +0.00%
Market cap: $4.51B
Volume 24h: $137.26M
Volatility (ann.): 1%

ZCHF 0.9%Share of the two combined market caps99.1% DAI

Performance

ZCHFDAI

7 days+0.83%+0.03%ZCHF
30 days-0.81%+0.00%DAI

Correlation

-0.06over 22 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	ZCHF	DAI
Max drawdown (400d)	-3.2%	-0.1%
Risk-adjusted return (90d)	-0.31	0.03

Relative strength over 90 days: ZCHF outperformed DAI by 0.8% — measured on the ZCHF/DAI ratio, so it holds regardless of market direction.

Frankencoin →Dai →