Monetrix USD vs Re Protocol reUSD

Re Protocol reUSD (REUSD) is 121.1× the size of Monetrix USD (USDM) by market capitalisation. Over the past 30 days, REUSD is ahead by 0.5 percentage points (USDM +0.4% against REUSD +0.9%). Their daily returns move barely together (correlation 0.26 across 30 shared trading days). USDM has been the more volatile of the two, at 5% annualised against REUSD's 2%.

Correlation: 0.26
Size ratio: 1 : 121.1
Ahead over 30 days: REUSD

Monetrix USDUSDM

$1.0000

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

Re Protocol reUSDREUSD

$1.1100

24h: +0.07%
Market cap: $372.48M
Volume 24h: $4.43M
Volatility (ann.): 2%

USDM 0.8%Share of the two combined market caps99.2% REUSD

Performance

USDMREUSD

7 days-0.07%+0.00%REUSD
30 days+0.36%+0.91%REUSD

Correlation

0.26over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	REUSD
Max drawdown (400d)	-0.8%	-0.1%
Risk-adjusted return (90d)	0.04	0.53

Relative strength over 90 days: REUSD outperformed USDM by 1.0% — measured on the USDM/REUSD ratio, so it holds regardless of market direction.

Monetrix USD →Re Protocol reUSD →