Hylo USD vs crvUSD

crvUSD (CRVUSD) is 6.6× the size of Hylo USD (HYUSD) by market capitalisation. Over the past 30 days, HYUSD is ahead by 0.2 percentage points (HYUSD +0.1% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.01 across 33 shared trading days). HYUSD has been the more volatile of the two, at 4979314% annualised against CRVUSD's 1%.

Correlation: -0.01
Size ratio: 1 : 6.6
Ahead over 30 days: HYUSD

Hylo USDHYUSD

$0.999433

24h: +0.07%
Market cap: $23.38M
Volume 24h: $290,608
Volatility (ann.): 4979314%

crvUSDCRVUSD

$0.999649

24h: +0.08%
Market cap: $153.78M
Volume 24h: $34.77M
Volatility (ann.): 1%

HYUSD 13.2%Share of the two combined market caps86.8% CRVUSD

Performance

HYUSDCRVUSD

7 days-99.99%+0.04%CRVUSD
30 days+0.08%-0.09%HYUSD

Correlation

-0.01over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	HYUSD	CRVUSD
Max drawdown (400d)	-100.0%	-0.3%
Risk-adjusted return (90d)	0.00	0.00

Relative strength over 90 days: HYUSD outperformed CRVUSD by 0.1% — measured on the HYUSD/CRVUSD ratio, so it holds regardless of market direction.

Hylo USD →crvUSD →