Gauntlet USD Alpha vs USDai

USDai (USDAI) is 112.8× the size of Gauntlet USD Alpha (GTUSDA) by market capitalisation. Over the past 30 days, GTUSDA is ahead by 5773.3 percentage points (GTUSDA +5773.3% against USDAI -0.1%). Their daily returns move closely in opposite directions (correlation -0.69 across 22 shared trading days). GTUSDA has been the more volatile of the two, at 19425% annualised against USDAI's 1%.

Correlation: -0.69
Size ratio: 1 : 112.8
Ahead over 30 days: GTUSDA

Gauntlet USD AlphaGTUSDA

$1.0850

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

USDaiUSDAI

$0.998879

24h: +0.02%
Market cap: $156.84M
Volume 24h: $619,284
Volatility (ann.): 1%

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

Performance

GTUSDAUSDAI

7 days+5757.01%+0.01%GTUSDA
30 days+5773.27%-0.08%GTUSDA

Correlation

-0.69over 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	USDAI
Max drawdown (400d)	0.0%	-0.2%
Risk-adjusted return (90d)	0.30	-0.02

Relative strength over 90 days: GTUSDA outperformed USDAI by 5780.4% — measured on the GTUSDA/USDAI ratio, so it holds regardless of market direction.

Gauntlet USD Alpha →USDai →