Kyrgyz Som Stablecoin vs Ethena USDe

Ethena USDe (USDE) is 581.0× the size of Kyrgyz Som Stablecoin (KGST) by market capitalisation. Over the past 1 year, USDE is ahead by 1.5 percentage points (KGST -1.4% against USDE +0.1%). Their daily returns move barely in opposite directions (correlation -0.02 across 315 shared trading days). KGST has been the more volatile of the two, at 4% annualised against USDE's 0%.

Correlation: -0.02
Size ratio: 1 : 581.0
Ahead over 1 year: USDE

Kyrgyz Som StablecoinKGST

$0.011245

24h: -0.47%
Market cap: $7.78M
Volume 24h: $246,813
Volatility (ann.): 4%

Ethena USDeUSDE

$1.0005

24h: +0.03%
Market cap: $4.52B
Volume 24h: $100.63M
Volatility (ann.): 0%

KGST 0.2%Share of the two combined market caps99.8% USDE

Performance

KGSTUSDE

7 days+0.37%-0.03%KGST
30 days-0.47%+0.06%USDE
90 days-1.68%-0.01%USDE
1 year-1.38%+0.13%USDE

Correlation

-0.02over 315 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 0.011y: -0.02

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	KGST	USDE
Max drawdown (400d)	-2.3%	-0.3%
Risk-adjusted return (90d)	-0.38	-0.02
Best 30 days (past year)	—	+0.1%
Worst 30 days (past year)	—	-0.1%

Relative strength over 90 days: USDE outperformed KGST by 1.7% — measured on the KGST/USDE ratio, so it holds regardless of market direction.

Kyrgyz Som Stablecoin →Ethena USDe →