NEAR Protocol (NEAR) is 1.4× the size of USD1 (USD1) by market capitalisation. Over the past 1 year, NEAR is ahead by 100.4 percentage points (NEAR +100.4% against USD1 +0.0%). Their daily returns move barely in opposite directions (correlation -0.00 across 399 shared trading days). NEAR has been the more volatile of the two, at 108% annualised against USD1's 1%.
NEARUSD1
-0.00over 399 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 | NEAR | USD1 |
|---|---|---|
| Max drawdown (400d) | -68.7% | -0.4% |
| Risk-adjusted return (90d) | 0.98 | -0.12 |
| Best 30 days (past year) | +195.3% | +0.3% |
| Worst 30 days (past year) | -48.1% | -0.2% |
Relative strength over 90 days: NEAR outperformed USD1 by 125.7% — measured on the NEAR/USD1 ratio, so it holds regardless of market direction.