JPY Coin vs Dai

Dai (DAI) is 55.1× the size of JPY Coin (JPYC) by market capitalisation. Over the past 30 days, DAI is ahead by 2.5 percentage points (JPYC -2.5% against DAI +0.0%). Their daily returns move barely together (correlation 0.14 across 24 shared trading days). JPYC has been the more volatile of the two, at 22% annualised against DAI's 1%.

Correlation: 0.14
Size ratio: 1 : 55.1
Ahead over 30 days: DAI

JPY CoinJPYC

$0.006332

24h: +0.01%
Market cap: $82.16M
Volume 24h: $540,285
Volatility (ann.): 22%

DaiDAI

$1.0000

24h: +0.02%
Market cap: $4.53B
Volume 24h: $141.70M
Volatility (ann.): 1%

JPYC 1.8%Share of the two combined market caps98.2% DAI

Performance

JPYCDAI

7 days-0.03%+0.03%DAI
30 days-2.46%+0.00%DAI

Correlation

0.14over 24 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	JPYC	DAI
Max drawdown (400d)	-6.7%	-0.1%
Risk-adjusted return (90d)	0.03	0.03

Relative strength over 90 days: DAI outperformed JPYC by 0.3% — measured on the JPYC/DAI ratio, so it holds regardless of market direction.

JPY Coin →Dai →