Frax USD vs Dai

Dai (DAI) is 46.1× the size of Frax USD (FRXUSD) by market capitalisation. Over the past 30 days, FRXUSD is ahead by 0.0 percentage points (FRXUSD +0.0% against DAI +0.0%). Their daily returns move loosely together (correlation 0.40 across 25 shared trading days). DAI has been the more volatile of the two, at 1% annualised against FRXUSD's 0%.

Correlation: 0.40
Size ratio: 1 : 46.1
Ahead over 30 days: FRXUSD

Frax USDFRXUSD

$1.0000

24h: +0.01%
Market cap: $98.06M
Volume 24h: $5.14M
Volatility (ann.): 0%

DaiDAI

$1.0000

24h: -0.00%
Market cap: $4.52B
Volume 24h: $140.49M
Volatility (ann.): 1%

FRXUSD 2.1%Share of the two combined market caps97.9% DAI

Performance

FRXUSDDAI

7 days+0.03%+0.03%DAI
30 days+0.03%+0.00%FRXUSD

Correlation

0.40over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4090d: 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	FRXUSD	DAI
Max drawdown (400d)	-0.1%	-0.1%
Risk-adjusted return (90d)	0.02	0.03

Relative strength over 90 days: DAI outperformed FRXUSD by 0.0% — measured on the FRXUSD/DAI ratio, so it holds regardless of market direction.

Frax USD →Dai →