Mexican Peso vs Dai

Dai (DAI) is 6775.2× the size of Mexican Peso (WMXN) by market capitalisation. Over the past 30 days, DAI is ahead by 7.2 percentage points (WMXN -7.1% against DAI +0.0%). Their daily returns move barely together (correlation 0.29 across 29 shared trading days). WMXN has been the more volatile of the two, at 85% annualised against DAI's 1%.

Correlation: 0.29
Size ratio: 1 : 6775.2
Ahead over 30 days: DAI

Mexican PesoWMXN

$0.053833

24h: -0.22%
Market cap: $665,550
Volume 24h: $232
Volatility (ann.): 85%

DaiDAI

$1.0000

24h: +0.00%
Market cap: $4.51B
Volume 24h: $190.95M
Volatility (ann.): 1%

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

Performance

WMXNDAI

7 days+0.26%+0.00%WMXN
30 days-7.13%+0.02%DAI

Correlation

0.29over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	WMXN	DAI
Max drawdown (400d)	-18.2%	-0.1%
Risk-adjusted return (90d)	-0.08	0.03

Relative strength over 90 days: DAI outperformed WMXN by 7.1% — measured on the WMXN/DAI ratio, so it holds regardless of market direction.

Mexican Peso →Dai →