Mento Philippine Peso vs Dai

Dai (DAI) is 175806.5× the size of Mento Philippine Peso (PHPM) by market capitalisation. Over the past 30 days, DAI is ahead by 1.3 percentage points (PHPM -1.3% against DAI +0.0%). Their daily returns move barely together (correlation 0.07 across 27 shared trading days). PHPM has been the more volatile of the two, at 4% annualised against DAI's 1%.

Correlation: 0.07
Size ratio: 1 : 175806.5
Ahead over 30 days: DAI

Mento Philippine PesoPHPM

$0.015763

24h: —
Market cap: $25,623
Volume 24h: $133
Volatility (ann.): 4%

DaiDAI

$1.0000

24h: +0.01%
Market cap: $4.50B
Volume 24h: $203.13M
Volatility (ann.): 1%

PHPM 0.0%Share of the two combined market caps100.0% DAI

Performance

PHPMDAI

7 days+0.70%+0.00%PHPM
30 days-1.32%+0.02%DAI

Correlation

0.07over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	PHPM	DAI
Max drawdown (400d)	-2.0%	-0.1%
Risk-adjusted return (90d)	-0.31	0.03

Relative strength over 90 days: DAI outperformed PHPM by 1.3% — measured on the PHPM/DAI ratio, so it holds regardless of market direction.

Mento Philippine Peso →Dai →