JUST Stablecoin vs Dai

Dai (DAI) is 15605.0× the size of JUST Stablecoin (USDJ) by market capitalisation. Over the past 30 days, DAI is ahead by 5.1 percentage points (USDJ -5.0% against DAI +0.0%). Their daily returns move loosely in opposite directions (correlation -0.49 across 25 shared trading days). USDJ has been the more volatile of the two, at 45% annualised against DAI's 1%.

Correlation: -0.49
Size ratio: 1 : 15605.0
Ahead over 30 days: DAI

JUST StablecoinUSDJ

$0.495399

24h: -1.01%
Market cap: $291,379
Volume 24h: $7
Volatility (ann.): 45%

DaiDAI

$1.0000

24h: +0.01%
Market cap: $4.55B
Volume 24h: $144.48M
Volatility (ann.): 1%

USDJ 0.0%Share of the two combined market caps100.0% DAI

Performance

USDJDAI

7 days-3.72%+0.00%DAI
30 days-5.05%+0.02%DAI

Correlation

-0.49over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4990d: 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	USDJ	DAI
Max drawdown (400d)	-10.0%	-0.1%
Risk-adjusted return (90d)	-0.11	0.03

Relative strength over 90 days: DAI outperformed USDJ by 5.0% — measured on the USDJ/DAI ratio, so it holds regardless of market direction.

JUST Stablecoin →Dai →