Australian Digital Dollar vs crvUSD

crvUSD (CRVUSD) is 36.2× the size of Australian Digital Dollar (AUDD) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 1.3 percentage points (AUDD -1.4% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.16 across 33 shared trading days). AUDD has been the more volatile of the two, at 9% annualised against CRVUSD's 1%.

Correlation: -0.16
Size ratio: 1 : 36.2
Ahead over 30 days: CRVUSD

Australian Digital DollarAUDD

$0.699113

24h: -0.33%
Market cap: $4.30M
Volume 24h: $64,498
Volatility (ann.): 9%

crvUSDCRVUSD

$0.997734

24h: -0.11%
Market cap: $155.29M
Volume 24h: $39.83M
Volatility (ann.): 1%

AUDD 2.7%Share of the two combined market caps97.3% CRVUSD

Performance

AUDDCRVUSD

7 days-0.18%+0.04%CRVUSD
30 days-1.38%-0.09%CRVUSD

Correlation

-0.16over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	AUDD	CRVUSD
Max drawdown (400d)	-3.3%	-0.3%
Risk-adjusted return (90d)	-0.30	0.00

Relative strength over 90 days: CRVUSD outperformed AUDD by 2.6% — measured on the AUDD/CRVUSD ratio, so it holds regardless of market direction.

Australian Digital Dollar →crvUSD →