The Fedz FUSD vs Falcon USD

Falcon USD (USDF) is 1200.5× the size of The Fedz FUSD (FUSD) by market capitalisation. Over the past 30 days, USDF is ahead by 0.0 percentage points (FUSD -0.4% against USDF -0.4%). Their daily returns move barely in opposite directions (correlation -0.01 across 29 shared trading days). FUSD has been the more volatile of the two, at 8% annualised against USDF's 1%.

Correlation: -0.01
Size ratio: 1 : 1200.5
Ahead over 30 days: USDF

The Fedz FUSDFUSD

$0.947438

24h: -0.86%
Market cap: $1.53M
Volume 24h: $79
Volatility (ann.): 8%

Falcon USDUSDF

$0.992875

24h: +0.11%
Market cap: $1.83B
Volume 24h: $778,966
Volatility (ann.): 1%

FUSD 0.1%Share of the two combined market caps99.9% USDF

Performance

FUSDUSDF

7 days-0.01%-0.24%FUSD
30 days-0.43%-0.39%USDF

Correlation

-0.01over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 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	FUSD	USDF
Max drawdown (400d)	-1.8%	-0.6%
Risk-adjusted return (90d)	-0.11	-0.31

Relative strength over 90 days: USDF outperformed FUSD by 0.6% — measured on the FUSD/USDF ratio, so it holds regardless of market direction.

The Fedz FUSD →Falcon USD →