Global Dollar vs Dai

Dai (DAI) is 1.6× the size of Global Dollar (USDG) by market capitalisation. Over the past 30 days, DAI is ahead by 0.0 percentage points (USDG +0.0% against DAI +0.0%). Their daily returns move barely together (correlation 0.22 across 29 shared trading days). DAI has been the more volatile of the two, at 0% annualised against USDG's 0%.

Correlation: 0.22
Size ratio: 1 : 1.6
Ahead over 30 days: DAI

Global DollarUSDG

$1.0000

24h: -0.02%
Market cap: $2.78B
Volume 24h: $782.26M
Volatility (ann.): 0%

DaiDAI

$1.0000

24h: -0.05%
Market cap: $4.52B
Volume 24h: $193.45M
Volatility (ann.): 0%

USDG 38.1%Share of the two combined market caps61.9% DAI

Performance

USDGDAI

7 days+0.01%+0.04%DAI
30 days+0.00%+0.01%DAI

Correlation

0.22over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	USDG	DAI
Max drawdown (400d)	-0.0%	-0.1%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: DAI outperformed USDG by 0.0% — measured on the USDG/DAI ratio, so it holds regardless of market direction.

Global Dollar →Dai →