Precious Metals USD vs USAT

USAT (USAT) is 3.5× the size of Precious Metals USD (PMUSD) by market capitalisation. Over the past 30 days, PMUSD is ahead by 6.1 percentage points (PMUSD +6.0% against USAT -0.1%). Their daily returns move barely in opposite directions (correlation -0.17 across 51 shared trading days). PMUSD has been the more volatile of the two, at 209% annualised against USAT's 1%.

Correlation: -0.17
Size ratio: 1 : 3.5
Ahead over 30 days: PMUSD

Precious Metals USDPMUSD

$0.572460

24h: -1.61%
Market cap: $51.09M
Volume 24h: $3,043
Volatility (ann.): 209%

USATUSAT

$0.997872

24h: -0.08%
Market cap: $178.94M
Volume 24h: $2.51M
Volatility (ann.): 1%

PMUSD 22.2%Share of the two combined market caps77.8% USAT

Performance

PMUSDUSAT

7 days-10.42%+0.01%USAT
30 days+5.98%-0.08%PMUSD

Correlation

-0.17over 51 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	PMUSD	USAT
Max drawdown (400d)	-28.9%	-0.2%
Risk-adjusted return (90d)	-0.02	0.03

Relative strength over 90 days: USAT outperformed PMUSD by 3.2% — measured on the PMUSD/USAT ratio, so it holds regardless of market direction.

Precious Metals USD →USAT →