apyUSD (APYUSD) is 57.0× the size of limUSD (LIMUSD) by market capitalisation. Over the past 30 days, APYUSD is ahead by 2.1 percentage points (LIMUSD +1.6% against APYUSD +3.6%). Their daily returns move barely together (correlation 0.12 across 26 shared trading days). Both have run at a similar volatility, around 13% annualised.
LIMUSDAPYUSD
0.12over 26 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 | LIMUSD | APYUSD |
|---|---|---|
| Max drawdown (400d) | -2.9% | -2.8% |
| Risk-adjusted return (90d) | 0.12 | 0.62 |
Relative strength over 90 days: APYUSD outperformed LIMUSD by 2.0% — measured on the LIMUSD/APYUSD ratio, so it holds regardless of market direction.