USDC (USDC) is 36039.6× the size of LikeCoin (LIKE) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.55 across 33 shared trading days). LIKE has been the more volatile of the two, at 140% annualised against USDC's 0%.
LIKEUSDC
-0.55over 33 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 | LIKE | USDC |
|---|---|---|
| Max drawdown (400d) | -44.7% | -0.3% |
| Risk-adjusted return (90d) | -0.20 | 0.05 |
| Best 30 days (past year) | — | +0.2% |
| Worst 30 days (past year) | — | -0.2% |
Relative strength over 90 days: USDC outperformed LIKE by 28.6% — measured on the LIKE/USDC ratio, so it holds regardless of market direction.