Nectar vs Falcon USD

Falcon USD (USDF) is 382.8× the size of Nectar (NECT) by market capitalisation. Over the past 30 days, NECT is ahead by 1.5 percentage points (NECT +1.0% against USDF -0.5%). Their daily returns move barely in opposite directions (correlation -0.18 across 21 shared trading days). NECT has been the more volatile of the two, at 10% annualised against USDF's 1%.

Correlation: -0.18
Size ratio: 1 : 382.8
Ahead over 30 days: NECT

NectarNECT

$1.0140

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

Falcon USDUSDF

$0.992722

24h: +0.05%
Market cap: $1.83B
Volume 24h: $810,099
Volatility (ann.): 1%

NECT 0.3%Share of the two combined market caps99.7% USDF

Performance

NECTUSDF

7 days+0.12%-0.30%NECT
30 days+0.98%-0.48%NECT

Correlation

-0.18over 21 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	USDF
Max drawdown (400d)	-1.6%	-0.6%
Risk-adjusted return (90d)	0.09	-0.39

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

Nectar →Falcon USD →