Meta USD vs Dai

Dai (DAI) is 31575.3× the size of Meta USD (MUSD) by market capitalisation. Over the past 30 days, DAI is ahead by 1.2 percentage points (MUSD -1.2% against DAI +0.0%). Their daily returns move barely together (correlation 0.04 across 27 shared trading days). MUSD has been the more volatile of the two, at 33% annualised against DAI's 1%.

Correlation: 0.04
Size ratio: 1 : 31575.3
Ahead over 30 days: DAI

Meta USDMUSD

$1.0020

24h: +0.27%
Market cap: $143,146
Volume 24h: $1,783
Volatility (ann.): 33%

DaiDAI

$1.0000

24h: +0.02%
Market cap: $4.52B
Volume 24h: $160.79M
Volatility (ann.): 1%

MUSD 0.0%Share of the two combined market caps100.0% DAI

Performance

MUSDDAI

7 days-0.75%+0.00%DAI
30 days-1.15%+0.02%DAI

Correlation

0.04over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	MUSD	DAI
Max drawdown (400d)	-5.9%	-0.1%
Risk-adjusted return (90d)	-0.04	0.03

Relative strength over 90 days: DAI outperformed MUSD by 1.1% — measured on the MUSD/DAI ratio, so it holds regardless of market direction.

Meta USD →Dai →