Impermax vs USDS

USDS (USDS) is 54402.5× the size of Impermax (IBEX) by market capitalisation. Over the past 90 days, IBEX is ahead by 16.4 percentage points (IBEX +16.4% against USDS +0.0%). Their daily returns move barely in opposite directions (correlation -0.33 across 52 shared trading days). IBEX has been the more volatile of the two, at 106% annualised against USDS's 1%.

Correlation: -0.33
Size ratio: 1 : 54402.5
Ahead over 90 days: IBEX

ImpermaxIBEX

$0.002439

24h: —
Market cap: $176,208
Volume 24h: $3
Volatility (ann.): 106%

USDSUSDS

$1.0006

24h: +0.00%
Market cap: $9.59B
Volume 24h: $327.86M
Volatility (ann.): 1%

IBEX 0.0%Share of the two combined market caps100.0% USDS

Performance

IBEXUSDS

7 days-8.93%+0.00%USDS
30 days+32.11%+0.07%IBEX
90 days+16.38%+0.00%IBEX

Correlation

-0.33over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6190d: 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	IBEX	USDS
Max drawdown (400d)	-37.9%	-0.4%
Risk-adjusted return (90d)	0.16	0.00

Relative strength over 90 days: IBEX outperformed USDS by 0.7% — measured on the IBEX/USDS ratio, so it holds regardless of market direction.

Impermax →USDS →