USDS (USDS) is 290.4× the size of Moca Network (MOCA) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 53 shared trading days). MOCA has been the more volatile of the two, at 81% annualised against USDS's 1%.
MOCAUSDS
0.06over 53 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 | MOCA | USDS |
|---|---|---|
| Max drawdown (400d) | -27.8% | -0.4% |
| Risk-adjusted return (90d) | -0.07 | 0.01 |
Relative strength over 90 days: USDS outperformed MOCA by 6.1% — measured on the MOCA/USDS ratio, so it holds regardless of market direction.