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Metronome Synth USD vs Falcon USD

Falcon USD (USDF) is 41.5× the size of Metronome Synth USD (MSUSD) by market capitalisation. Over the past 30 days, MSUSD is ahead by 21.0 percentage points (MSUSD +20.7% against USDF -0.4%). Their daily returns move barely in opposite directions (correlation -0.09 across 47 shared trading days). MSUSD has been the more volatile of the two, at 83% annualised against USDF's 1%.

Correlation
-0.09
Size ratio
1 : 41.5
Ahead over 30 days
MSUSD
Metronome Synth USDMSUSD

$0.859578

24h
+0.07%
Market cap
$44.17M
Volume 24h
$1.77M
Volatility (ann.)
83%
Falcon USDUSDF

$0.992939

24h
+0.10%
Market cap
$1.83B
Volume 24h
$858,110
Volatility (ann.)
1%
MSUSD 2.4%Share of the two combined market caps97.6% USDF

Performance

MSUSDUSDF

  1. 7 days-2.49%-0.24%USDF
  2. 30 days+20.65%-0.39%MSUSD

Correlation

-0.09over 47 shared trading days

−1 opposite0 unrelated+1 in step
7d: insufficient data30d: -0.0590d: 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

MetricMSUSDUSDF
Max drawdown (400d)-31.8%-0.6%
Risk-adjusted return (90d)0.32-0.31

Relative strength over 90 days: MSUSD outperformed USDF by 26.8% — measured on the MSUSD/USDF ratio, so it holds regardless of market direction.