Indigo Protocol iUSD vs USDD

USDD (USDD) is 157.6× the size of Indigo Protocol iUSD (IUSD) by market capitalisation. Over the past 30 days, USDD is ahead by 0.4 percentage points (IUSD -0.5% against USDD -0.1%). Their daily returns move barely in opposite directions (correlation -0.27 across 22 shared trading days). IUSD has been the more volatile of the two, at 23% annualised against USDD's 2%.

Correlation: -0.27
Size ratio: 1 : 157.6
Ahead over 30 days: USDD

Indigo Protocol iUSDIUSD

$0.984807

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

USDDUSDD

$0.998337

24h: -0.04%
Market cap: $1.48B
Volume 24h: $2.03M
Volatility (ann.): 2%

IUSD 0.6%Share of the two combined market caps99.4% USDD

Performance

IUSDUSDD

7 days-2.94%+0.11%USDD
30 days-0.51%-0.14%USDD

Correlation

-0.27over 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	USDD
Max drawdown (400d)	-4.0%	-0.4%
Risk-adjusted return (90d)	-0.02	-0.15

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

Indigo Protocol iUSD →USDD →