Gauntlet USD Alpha vs Re Protocol reUSD

Re Protocol reUSD (REUSD) is 267.9× the size of Gauntlet USD Alpha (GTUSDA) by market capitalisation. Over the past 30 days, GTUSDA is ahead by 5772.4 percentage points (GTUSDA +5773.3% against REUSD +0.9%). Their daily returns move very closely together (correlation 0.97 across 22 shared trading days). GTUSDA has been the more volatile of the two, at 19425% annualised against REUSD's 2%.

Correlation: 0.97
Size ratio: 1 : 267.9
Ahead over 30 days: GTUSDA

Gauntlet USD AlphaGTUSDA

$1.0850

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

Re Protocol reUSDREUSD

$1.1100

24h: +0.05%
Market cap: $372.43M
Volume 24h: $4.41M
Volatility (ann.): 2%

GTUSDA 0.4%Share of the two combined market caps99.6% REUSD

Performance

GTUSDAREUSD

7 days+5757.01%+0.00%GTUSDA
30 days+5773.27%+0.91%GTUSDA

Correlation

0.97over 22 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	REUSD
Max drawdown (400d)	0.0%	-0.1%
Risk-adjusted return (90d)	0.30	0.53

Relative strength over 90 days: GTUSDA outperformed REUSD by 5704.5% — measured on the GTUSDA/REUSD ratio, so it holds regardless of market direction.

Gauntlet USD Alpha →Re Protocol reUSD →