Hermetica USDh vs crvUSD

crvUSD (CRVUSD) is 83.0× the size of Hermetica USDh (USDH) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 0.2 percentage points (USDH -0.3% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.08 across 22 shared trading days). USDH has been the more volatile of the two, at 1% annualised against CRVUSD's 1%.

Correlation: -0.08
Size ratio: 1 : 83.0
Ahead over 30 days: CRVUSD

Hermetica USDhUSDH

$0.999679

24h: +0.02%
Market cap: $1.85M
Volume 24h: $1
Volatility (ann.): 1%

crvUSDCRVUSD

$0.999127

24h: +0.05%
Market cap: $153.63M
Volume 24h: $24.45M
Volatility (ann.): 1%

USDH 1.2%Share of the two combined market caps98.8% CRVUSD

Performance

USDHCRVUSD

7 days-0.01%+0.04%CRVUSD
30 days-0.28%-0.09%CRVUSD

Correlation

-0.08over 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	USDH	CRVUSD
Max drawdown (400d)	-0.3%	-0.3%
Risk-adjusted return (90d)	-0.24	0.00

Relative strength over 90 days: CRVUSD outperformed USDH by 0.2% — measured on the USDH/CRVUSD ratio, so it holds regardless of market direction.

Hermetica USDh →crvUSD →