Hermetica USDh vs Falcon USD

Falcon USD (USDF) is 988.8× the size of Hermetica USDh (USDH) by market capitalisation. Over the past 30 days, USDH is ahead by 0.2 percentage points (USDH -0.3% against USDF -0.5%). Their daily returns move barely together (correlation 0.03 across 21 shared trading days). Both have run at a similar volatility, around 1% annualised.

Correlation: 0.03
Size ratio: 1 : 988.8
Ahead over 30 days: USDH

Hermetica USDhUSDH

$0.999679

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

Falcon USDUSDF

$0.992012

24h: +0.02%
Market cap: $1.83B
Volume 24h: $530,884
Volatility (ann.): 1%

USDH 0.1%Share of the two combined market caps99.9% USDF

Performance

USDHUSDF

7 days-0.01%-0.30%USDH
30 days-0.28%-0.48%USDH

Correlation

0.03over 21 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	USDF
Max drawdown (400d)	-0.3%	-0.6%
Risk-adjusted return (90d)	-0.24	-0.39

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

Hermetica USDh →Falcon USD →