Indigo Protocol iUSD vs Falcon USD

Falcon USD (USDF) is 195.1× the size of Indigo Protocol iUSD (IUSD) by market capitalisation. Over the past 30 days, USDF is ahead by 0.0 percentage points (IUSD -0.5% against USDF -0.5%). Their daily returns move barely together (correlation 0.18 across 22 shared trading days). IUSD has been the more volatile of the two, at 23% annualised against USDF's 1%.

Correlation: 0.18
Size ratio: 1 : 195.1
Ahead over 30 days: USDF

Indigo Protocol iUSDIUSD

$0.984807

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

Falcon USDUSDF

$0.992007

24h: +0.02%
Market cap: $1.83B
Volume 24h: $542,998
Volatility (ann.): 1%

IUSD 0.5%Share of the two combined market caps99.5% USDF

Performance

IUSDUSDF

7 days-2.94%-0.30%USDF
30 days-0.51%-0.48%USDF

Correlation

0.18over 22 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	USDF
Max drawdown (400d)	-4.0%	-0.6%
Risk-adjusted return (90d)	-0.02	-0.39

Relative strength over 90 days: USDF outperformed IUSD by 0.4% — measured on the IUSD/USDF ratio, so it holds regardless of market direction.

Indigo Protocol iUSD →Falcon USD →