Dai (DAI) is 580.8× the size of Kyrgyz Som Stablecoin (KGST) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 40 shared trading days). KGST has been the more volatile of the two, at 4% annualised against DAI's 1%.
KGSTDAI
-0.03over 40 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 | KGST | DAI |
|---|---|---|
| Max drawdown (400d) | -2.3% | -0.1% |
| Risk-adjusted return (90d) | -0.38 | 0.03 |
Relative strength over 90 days: DAI outperformed KGST by 0.7% — measured on the KGST/DAI ratio, so it holds regardless of market direction.