Indigo Protocol iUSD vs crvUSD

crvUSD (CRVUSD) is 16.3× the size of Indigo Protocol iUSD (IUSD) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 0.4 percentage points (IUSD -0.5% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.29 across 23 shared trading days). IUSD has been the more volatile of the two, at 23% annualised against CRVUSD's 1%.

Correlation: 0.29
Size ratio: 1 : 16.3
Ahead over 30 days: CRVUSD

Indigo Protocol iUSDIUSD

$0.984807

24h: -0.37%
Market cap: $9.38M
Volume 24h: $4,595
Volatility (ann.): 23%

crvUSDCRVUSD

$0.998785

24h: -0.05%
Market cap: $153.09M
Volume 24h: $26.75M
Volatility (ann.): 1%

IUSD 5.8%Share of the two combined market caps94.2% CRVUSD

Performance

IUSDCRVUSD

7 days-2.94%+0.04%CRVUSD
30 days-0.51%-0.09%CRVUSD

Correlation

0.29over 23 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	IUSD	CRVUSD
Max drawdown (400d)	-4.0%	-0.3%
Risk-adjusted return (90d)	-0.02	0.00

Relative strength over 90 days: CRVUSD outperformed IUSD by 0.6% — measured on the IUSD/CRVUSD ratio, so it holds regardless of market direction.

Indigo Protocol iUSD →crvUSD →