f(x) USD Saving vs Re Protocol reUSD

Re Protocol reUSD (REUSD) is 4.6× the size of f(x) USD Saving (FXSAVE) by market capitalisation. Over the past 30 days, REUSD is ahead by 0.0 percentage points (FXSAVE +0.9% against REUSD +0.9%). Their daily returns move barely in opposite directions (correlation -0.09 across 54 shared trading days). FXSAVE has been the more volatile of the two, at 7% annualised against REUSD's 2%.

Correlation: -0.09
Size ratio: 1 : 4.6
Ahead over 30 days: REUSD

f(x) USD SavingFXSAVE

$1.1300

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

Re Protocol reUSDREUSD

$1.1100

24h: +0.16%
Market cap: $373.37M
Volume 24h: $14.02M
Volatility (ann.): 2%

FXSAVE 17.7%Share of the two combined market caps82.3% REUSD

Performance

FXSAVEREUSD

7 days+0.89%+0.00%FXSAVE
30 days+0.89%+0.91%REUSD

Correlation

-0.09over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	REUSD
Max drawdown (400d)	-0.9%	-0.1%
Risk-adjusted return (90d)	0.28	0.53

Relative strength over 90 days: FXSAVE outperformed REUSD by 0.5% — measured on the FXSAVE/REUSD ratio, so it holds regardless of market direction.

f(x) USD Saving →Re Protocol reUSD →