f(x) USD Saving vs apyUSD

apyUSD (APYUSD) is 1.9× the size of f(x) USD Saving (FXSAVE) by market capitalisation. Over the past 30 days, APYUSD is ahead by 2.0 percentage points (FXSAVE +0.9% against APYUSD +2.9%). Their daily returns move barely in opposite directions (correlation -0.16 across 55 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against FXSAVE's 7%.

Correlation: -0.16
Size ratio: 1 : 1.9
Ahead over 30 days: APYUSD

f(x) USD SavingFXSAVE

$1.1300

24h: +0.01%
Market cap: $80.35M
Volume 24h: $334,763
Volatility (ann.): 7%

apyUSDAPYUSD

$1.4100

24h: -0.69%
Market cap: $151.78M
Volume 24h: $1.53M
Volatility (ann.): 14%

FXSAVE 34.6%Share of the two combined market caps65.4% APYUSD

Performance

FXSAVEAPYUSD

7 days+0.89%-0.70%FXSAVE
30 days+0.89%+2.92%APYUSD

Correlation

-0.16over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2090d: 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	FXSAVE	APYUSD
Max drawdown (400d)	-0.9%	-2.8%
Risk-adjusted return (90d)	0.28	0.56

Relative strength over 90 days: APYUSD outperformed FXSAVE by 4.0% — measured on the FXSAVE/APYUSD ratio, so it holds regardless of market direction.

f(x) USD Saving →apyUSD →