NXUSD vs crvUSD

crvUSD (CRVUSD) is 8.0× the size of NXUSD (NXUSD) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 3.4 percentage points (NXUSD -3.5% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.13 across 29 shared trading days). NXUSD has been the more volatile of the two, at 21% annualised against CRVUSD's 1%.

Correlation: -0.13
Size ratio: 1 : 8.0
Ahead over 30 days: CRVUSD

NXUSDNXUSD

$1.0140

24h: +2.29%
Market cap: $19.22M
Volume 24h: $6,820
Volatility (ann.): 21%

crvUSDCRVUSD

$0.998880

24h: +0.07%
Market cap: $152.94M
Volume 24h: $28.01M
Volatility (ann.): 1%

NXUSD 11.2%Share of the two combined market caps88.8% CRVUSD

Performance

NXUSDCRVUSD

7 days-2.66%+0.04%CRVUSD
30 days-3.53%-0.09%CRVUSD

Correlation

-0.13over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	NXUSD	CRVUSD
Max drawdown (400d)	-3.9%	-0.3%
Risk-adjusted return (90d)	-0.15	0.00

Relative strength over 90 days: CRVUSD outperformed NXUSD by 3.1% — measured on the NXUSD/CRVUSD ratio, so it holds regardless of market direction.

NXUSD →crvUSD →