Lyvely (LVLY) and USDC (USDC) compared side by side. Over the past 1 year, USDC is ahead by 91.8 percentage points (LVLY -91.7% against USDC +0.1%). Their daily returns move barely in opposite directions (correlation -0.03 across 364 shared trading days). LVLY has been the more volatile of the two, at 64% annualised against USDC's 0%.
LVLYUSDC
-0.03over 364 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 | LVLY | USDC |
|---|---|---|
| Max drawdown (400d) | -91.8% | -0.3% |
| Risk-adjusted return (90d) | -0.80 | 0.05 |
| Best 30 days (past year) | — | +0.2% |
| Worst 30 days (past year) | — | -0.2% |
Relative strength over 90 days: USDC outperformed LVLY by 47.0% — measured on the LVLY/USDC ratio, so it holds regardless of market direction.