USDS (USDS) is 249.3× the size of Main Street USD (MSUSD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 52 shared trading days). MSUSD has been the more volatile of the two, at 106% annualised against USDS's 1%.
MSUSDUSDS
-0.00over 52 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 | MSUSD | USDS |
|---|---|---|
| Max drawdown (400d) | -16.0% | -0.4% |
| Risk-adjusted return (90d) | 0.57 | 0.01 |
Relative strength over 90 days: MSUSD outperformed USDS by 60.9% — measured on the MSUSD/USDS ratio, so it holds regardless of market direction.