Gauntlet USD Alpha vs apyUSD

apyUSD (APYUSD) is 109.9× the size of Gauntlet USD Alpha (GTUSDA) by market capitalisation. Over the past 30 days, GTUSDA is ahead by 5769.6 percentage points (GTUSDA +5773.3% against APYUSD +3.6%). Their daily returns move barely together (correlation 0.18 across 23 shared trading days). GTUSDA has been the more volatile of the two, at 19425% annualised against APYUSD's 14%.

Correlation: 0.18
Size ratio: 1 : 109.9
Ahead over 30 days: GTUSDA

Gauntlet USD AlphaGTUSDA

$1.0850

24h: —
Market cap: $1.39M
Volume 24h: —
Volatility (ann.): 19425%

apyUSDAPYUSD

$1.4200

24h: +0.35%
Market cap: $152.77M
Volume 24h: $1.06M
Volatility (ann.): 14%

GTUSDA 0.9%Share of the two combined market caps99.1% APYUSD

Performance

GTUSDAAPYUSD

7 days+5757.01%+0.71%GTUSDA
30 days+5773.27%+3.65%GTUSDA

Correlation

0.18over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	GTUSDA	APYUSD
Max drawdown (400d)	0.0%	-2.8%
Risk-adjusted return (90d)	0.30	0.62

Relative strength over 90 days: GTUSDA outperformed APYUSD by 5566.5% — measured on the GTUSDA/APYUSD ratio, so it holds regardless of market direction.

Gauntlet USD Alpha →apyUSD →