Nectar vs crvUSD

crvUSD (CRVUSD) is 32.5× the size of Nectar (NECT) by market capitalisation. Over the past 30 days, NECT is ahead by 1.1 percentage points (NECT +1.0% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.05 across 22 shared trading days). NECT has been the more volatile of the two, at 10% annualised against CRVUSD's 1%.

Correlation: -0.05
Size ratio: 1 : 32.5
Ahead over 30 days: NECT

NectarNECT

$1.0140

24h: +0.18%
Market cap: $4.78M
Volume 24h: $10,723
Volatility (ann.): 10%

crvUSDCRVUSD

$0.999622

24h: +0.07%
Market cap: $155.24M
Volume 24h: $33.59M
Volatility (ann.): 1%

NECT 3.0%Share of the two combined market caps97.0% CRVUSD

Performance

NECTCRVUSD

7 days+0.12%+0.04%NECT
30 days+0.98%-0.09%NECT

Correlation

-0.05over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NECT	CRVUSD
Max drawdown (400d)	-1.6%	-0.3%
Risk-adjusted return (90d)	0.09	0.00

Relative strength over 90 days: NECT outperformed CRVUSD by 1.4% — measured on the NECT/CRVUSD ratio, so it holds regardless of market direction.

Nectar →crvUSD →