Dai (DAI) is 115.6× the size of JupUSD (JUPUSD) by market capitalisation. Over the past 30 days, DAI is ahead by 0.1 percentage points (JUPUSD -0.1% against DAI +0.0%). Their daily returns move loosely together (correlation 0.51 across 23 shared trading days). JUPUSD has been the more volatile of the two, at 1% annualised against DAI's 1%.
JUPUSDDAI
0.51over 23 shared trading days
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.
| Metric | JUPUSD | DAI |
|---|---|---|
| Max drawdown (400d) | -0.2% | -0.1% |
| Risk-adjusted return (90d) | -0.07 | 0.03 |
Relative strength over 90 days: DAI outperformed JUPUSD by 0.0% — measured on the JUPUSD/DAI ratio, so it holds regardless of market direction.