NXUSD vs Falcon USD

Falcon USD (USDF) is 95.1× the size of NXUSD (NXUSD) by market capitalisation. Over the past 30 days, USDF is ahead by 3.1 percentage points (NXUSD -3.5% against USDF -0.5%). Their daily returns move barely together (correlation 0.04 across 28 shared trading days). NXUSD has been the more volatile of the two, at 21% annualised against USDF's 1%.

Correlation: 0.04
Size ratio: 1 : 95.1
Ahead over 30 days: USDF

NXUSDNXUSD

$1.0140

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

Falcon USDUSDF

$0.991871

24h: +0.01%
Market cap: $1.83B
Volume 24h: $534,261
Volatility (ann.): 1%

NXUSD 1.0%Share of the two combined market caps99.0% USDF

Performance

NXUSDUSDF

7 days-2.66%-0.30%USDF
30 days-3.53%-0.48%USDF

Correlation

0.04over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	USDF
Max drawdown (400d)	-3.9%	-0.6%
Risk-adjusted return (90d)	-0.15	-0.39

Relative strength over 90 days: USDF outperformed NXUSD by 2.7% — measured on the NXUSD/USDF ratio, so it holds regardless of market direction.

NXUSD →Falcon USD →