Parallel USDp vs Falcon USD

Falcon USD (USDF) is 2137.1× the size of Parallel USDp (USDP) by market capitalisation. Over the past 30 days, USDP is ahead by 0.4 percentage points (USDP -0.1% against USDF -0.5%). Their daily returns move barely together (correlation 0.09 across 26 shared trading days). USDP has been the more volatile of the two, at 3% annualised against USDF's 1%.

Correlation: 0.09
Size ratio: 1 : 2137.1
Ahead over 30 days: USDP

Parallel USDpUSDP

$0.995903

24h: —
Market cap: $855,991
Volume 24h: $161
Volatility (ann.): 3%

Falcon USDUSDF

$0.991955

24h: +0.02%
Market cap: $1.83B
Volume 24h: $533,401
Volatility (ann.): 1%

USDP 0.0%Share of the two combined market caps100.0% USDF

Performance

USDPUSDF

7 days-0.07%-0.30%USDP
30 days-0.10%-0.48%USDP

Correlation

0.09over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	USDP	USDF
Max drawdown (400d)	-0.5%	-0.6%
Risk-adjusted return (90d)	-0.03	-0.39

Relative strength over 90 days: USDP outperformed USDF by 0.3% — measured on the USDP/USDF ratio, so it holds regardless of market direction.

Parallel USDp →Falcon USD →