Monetrix USD vs Axis USD

Axis USD (USDX) is 22.0× the size of Monetrix USD (USDM) by market capitalisation. Over the past 30 days, USDM is ahead by 0.5 percentage points (USDM +0.4% against USDX -0.2%). Their daily returns move loosely in opposite directions (correlation -0.53 across 34 shared trading days). USDM has been the more volatile of the two, at 5% annualised against USDX's 4%.

Correlation: -0.53
Size ratio: 1 : 22.0
Ahead over 30 days: USDM

Monetrix USDUSDM

$1.0000

24h: +0.11%
Market cap: $3.07M
Volume 24h: $81,294
Volatility (ann.): 5%

Axis USDUSDX

$0.999145

24h: +0.04%
Market cap: $67.71M
Volume 24h: $1.31M
Volatility (ann.): 4%

USDM 4.3%Share of the two combined market caps95.7% USDX

Performance

USDMUSDX

7 days-0.07%+0.06%USDX
30 days+0.36%-0.17%USDM

Correlation

-0.53over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5390d: 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	USDM	USDX
Max drawdown (400d)	-0.8%	-1.1%
Risk-adjusted return (90d)	0.04	0.02

Relative strength over 90 days: USDM outperformed USDX by 0.1% — measured on the USDM/USDX ratio, so it holds regardless of market direction.

Monetrix USD →Axis USD →