Hermetica USDh vs USDD

USDD (USDD) is 799.4× the size of Hermetica USDh (USDH) by market capitalisation. Over the past 30 days, USDD is ahead by 0.1 percentage points (USDH -0.3% against USDD -0.1%). Their daily returns move barely in opposite directions (correlation -0.00 across 21 shared trading days). USDD has been the more volatile of the two, at 2% annualised against USDH's 1%.

Correlation: -0.00
Size ratio: 1 : 799.4
Ahead over 30 days: USDD

Hermetica USDhUSDH

$0.999679

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

USDDUSDD

$0.998516

24h: +0.01%
Market cap: $1.48B
Volume 24h: $1.82M
Volatility (ann.): 2%

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

Performance

USDHUSDD

7 days-0.01%+0.11%USDD
30 days-0.28%-0.14%USDD

Correlation

-0.00over 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	USDD
Max drawdown (400d)	-0.3%	-0.4%
Risk-adjusted return (90d)	-0.24	-0.15

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

Hermetica USDh →USDD →