Newrails Euro vs EURC

EURC (EURC) is 1634.9× the size of Newrails Euro (EURW) by market capitalisation. Over the past 30 days, EURW is ahead by 0.0 percentage points (EURW -3.4% against EURC -3.4%). Their daily returns move closely together (correlation 0.82 across 27 shared trading days). EURW has been the more volatile of the two, at 14% annualised against EURC's 7%.

Correlation: 0.82
Size ratio: 1 : 1634.9
Ahead over 30 days: EURW

Newrails EuroEURW

$1.1200

24h: +0.16%
Market cap: $315,095
Volume 24h: $4.13M
Volatility (ann.): 14%

EURCEURC

$1.1200

24h: -0.25%
Market cap: $515.15M
Volume 24h: $35.85M
Volatility (ann.): 7%

EURW 0.1%Share of the two combined market caps99.9% EURC

Performance

EURWEURC

7 days+0.90%+0.00%EURW
30 days-3.45%-3.45%EURW

Correlation

0.82over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8290d: 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	EURW	EURC
Max drawdown (400d)	-5.2%	-5.1%
Risk-adjusted return (90d)	-0.24	-0.50

Relative strength over 90 days: EURW outperformed EURC by 0.0% — measured on the EURW/EURC ratio, so it holds regardless of market direction.

Newrails Euro →EURC →