Melvin vs USDS

USDS (USDS) is 529155.6× the size of Melvin (MEL) by market capitalisation. Over the past 90 days, MEL is ahead by 15.9 percentage points (MEL +15.9% against USDS +0.0%). Their daily returns move loosely together (correlation 0.57 across 72 shared trading days). MEL has been the more volatile of the two, at 440% annualised against USDS's 1%.

Correlation: 0.57
Size ratio: 1 : 529155.6
Ahead over 90 days: MEL

MelvinMEL

$1.808e-5

24h: —
Market cap: $18,081
Volume 24h: —
Volatility (ann.): 440%

USDSUSDS

$1.0012

24h: -0.01%
Market cap: $9.57B
Volume 24h: $338.68M
Volatility (ann.): 1%

MEL 0.0%Share of the two combined market caps100.0% USDS

Performance

MELUSDS

7 days+66.69%+0.00%MEL
30 days+88.42%+0.07%MEL
90 days+15.92%+0.00%MEL

Correlation

0.57over 72 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7190d: 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	MEL	USDS
Max drawdown (400d)	-98.1%	-0.4%
Risk-adjusted return (90d)	0.03	0.00

Relative strength over 90 days: MEL outperformed USDS by 30.5% — measured on the MEL/USDS ratio, so it holds regardless of market direction.

Melvin →USDS →