OpenEden OpenDollar vs USAT

USAT (USAT) is 14.1× the size of OpenEden OpenDollar (USDO) by market capitalisation. Over the past 30 days, USDO is ahead by 0.0 percentage points (USDO -0.1% against USAT -0.1%). Their daily returns move barely in opposite directions (correlation -0.00 across 29 shared trading days). USDO has been the more volatile of the two, at 13512% annualised against USAT's 1%.

Correlation: -0.00
Size ratio: 1 : 14.1
Ahead over 30 days: USDO

OpenEden OpenDollarUSDO

$0.996950

24h: —
Market cap: $12.72M
Volume 24h: $133
Volatility (ann.): 13512%

USATUSAT

$0.997719

24h: -0.04%
Market cap: $178.91M
Volume 24h: $1.00M
Volatility (ann.): 1%

USDO 6.6%Share of the two combined market caps93.4% USAT

Performance

USDOUSAT

7 days-97.66%+0.01%USAT
30 days-0.06%-0.08%USDO

Correlation

-0.00over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	USDO	USAT
Max drawdown (400d)	-97.7%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: USDO outperformed USAT by 0.1% — measured on the USDO/USAT ratio, so it holds regardless of market direction.

OpenEden OpenDollar →USAT →