Gemini Dollar vs Dai

Dai (DAI) is 127.7× the size of Gemini Dollar (GUSD) by market capitalisation. Over the past 30 days, DAI is ahead by 0.1 percentage points (GUSD -0.1% against DAI +0.0%). Their daily returns move barely together (correlation 0.01 across 22 shared trading days). GUSD has been the more volatile of the two, at 1% annualised against DAI's 1%.

Correlation: 0.01
Size ratio: 1 : 127.7
Ahead over 30 days: DAI

Gemini DollarGUSD

$0.999539

24h: +0.08%
Market cap: $35.32M
Volume 24h: $307,515
Volatility (ann.): 1%

DaiDAI

$1.0000

24h: +0.00%
Market cap: $4.51B
Volume 24h: $137.26M
Volatility (ann.): 1%

GUSD 0.8%Share of the two combined market caps99.2% DAI

Performance

GUSDDAI

7 days+0.02%+0.03%DAI
30 days-0.08%+0.00%DAI

Correlation

0.01over 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	GUSD	DAI
Max drawdown (400d)	-0.3%	-0.1%
Risk-adjusted return (90d)	-0.11	0.03

Relative strength over 90 days: DAI outperformed GUSD by 0.1% — measured on the GUSD/DAI ratio, so it holds regardless of market direction.

Gemini Dollar →Dai →