limUSD vs USDai

USDai (USDAI) is 58.5× the size of limUSD (LIMUSD) by market capitalisation. Over the past 30 days, LIMUSD is ahead by 1.6 percentage points (LIMUSD +1.6% against USDAI -0.1%). Their daily returns move barely in opposite directions (correlation -0.25 across 25 shared trading days). LIMUSD has been the more volatile of the two, at 13% annualised against USDAI's 1%.

Correlation: -0.25
Size ratio: 1 : 58.5
Ahead over 30 days: LIMUSD

limUSDLIMUSD

$1.0290

24h: —
Market cap: $2.68M
Volume 24h: —
Volatility (ann.): 13%

USDaiUSDAI

$0.998980

24h: +0.03%
Market cap: $156.86M
Volume 24h: $647,030
Volatility (ann.): 1%

LIMUSD 1.7%Share of the two combined market caps98.3% USDAI

Performance

LIMUSDUSDAI

7 days+0.88%+0.01%LIMUSD
30 days+1.57%-0.08%LIMUSD

Correlation

-0.25over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: 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	LIMUSD	USDAI
Max drawdown (400d)	-2.9%	-0.2%
Risk-adjusted return (90d)	0.12	-0.02

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

limUSD →USDai →