f(x) USD Saving vs USDai

USDai (USDAI) is 2.0× the size of f(x) USD Saving (FXSAVE) by market capitalisation. Over the past 30 days, FXSAVE is ahead by 0.9 percentage points (FXSAVE +0.9% against USDAI -0.0%). Their daily returns move barely in opposite directions (correlation -0.02 across 54 shared trading days). FXSAVE has been the more volatile of the two, at 7% annualised against USDAI's 1%.

Correlation: -0.02
Size ratio: 1 : 2.0
Ahead over 30 days: FXSAVE

f(x) USD SavingFXSAVE

$1.1300

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

USDaiUSDAI

$0.999517

24h: +0.06%
Market cap: $157.66M
Volume 24h: $699,007
Volatility (ann.): 1%

FXSAVE 33.8%Share of the two combined market caps66.2% USDAI

Performance

FXSAVEUSDAI

7 days+0.89%+0.03%FXSAVE
30 days+0.89%-0.04%FXSAVE

Correlation

-0.02over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	USDAI
Max drawdown (400d)	-0.9%	-0.2%
Risk-adjusted return (90d)	0.28	0.07

Relative strength over 90 days: FXSAVE outperformed USDAI by 1.8% — measured on the FXSAVE/USDAI ratio, so it holds regardless of market direction.

f(x) USD Saving →USDai →