Genius (GENIUS) is 1.2× the size of USD.AI (CHIP) by market capitalisation. Over the past 90 days, CHIP is ahead by 77.8 percentage points (GENIUS -11.0% against CHIP +66.8%). Their daily returns move barely together (correlation 0.13 across 167 shared trading days). CHIP has been the more volatile of the two, at 180% annualised against GENIUS's 95%.
GENIUSCHIP
0.13over 167 shared trading days
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.
| Metric | GENIUS | CHIP |
|---|---|---|
| Max drawdown (400d) | -61.7% | -80.8% |
| Risk-adjusted return (90d) | -0.15 | 0.41 |
Relative strength over 90 days: CHIP outperformed GENIUS by 46.6% — measured on the GENIUS/CHIP ratio, so it holds regardless of market direction.