Liquid Euro vs apyUSD

apyUSD (APYUSD) is 17.0× the size of Liquid Euro (WEEUR) by market capitalisation. Over the past 30 days, APYUSD is ahead by 5.3 percentage points (WEEUR -1.7% against APYUSD +3.6%). Their daily returns move loosely in opposite directions (correlation -0.45 across 23 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against WEEUR's 4%.

Correlation: -0.45
Size ratio: 1 : 17.0
Ahead over 30 days: APYUSD

Liquid EuroWEEUR

$1.1500

24h: +0.55%
Market cap: $8.97M
Volume 24h: —
Volatility (ann.): 4%

apyUSDAPYUSD

$1.4200

24h: -0.11%
Market cap: $152.91M
Volume 24h: $1.60M
Volatility (ann.): 14%

WEEUR 5.5%Share of the two combined market caps94.5% APYUSD

Performance

WEEURAPYUSD

7 days-0.85%+0.71%APYUSD
30 days-1.69%+3.65%APYUSD

Correlation

-0.45over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WEEUR	APYUSD
Max drawdown (400d)	-1.7%	-2.8%
Risk-adjusted return (90d)	-0.41	0.62

Relative strength over 90 days: APYUSD outperformed WEEUR by 5.2% — measured on the WEEUR/APYUSD ratio, so it holds regardless of market direction.

Liquid Euro →apyUSD →