Rai Reflex Index vs Falcon USD

Falcon USD (USDF) is 1281.4× the size of Rai Reflex Index (RAI) by market capitalisation. Over the past 30 days, RAI is ahead by 6.7 percentage points (RAI +6.2% against USDF -0.5%). Their daily returns move barely together (correlation 0.04 across 28 shared trading days). RAI has been the more volatile of the two, at 70% annualised against USDF's 1%.

Correlation: 0.04
Size ratio: 1 : 1281.4
Ahead over 30 days: RAI

Rai Reflex IndexRAI

$2.8700

24h: -9.25%
Market cap: $1.43M
Volume 24h: $7,269
Volatility (ann.): 70%

Falcon USDUSDF

$0.991956

24h: +0.01%
Market cap: $1.83B
Volume 24h: $521,067
Volatility (ann.): 1%

RAI 0.1%Share of the two combined market caps99.9% USDF

Performance

RAIUSDF

7 days-1.02%-0.30%USDF
30 days+6.23%-0.48%RAI

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	RAI	USDF
Max drawdown (400d)	-10.4%	-0.6%
Risk-adjusted return (90d)	0.08	-0.39

Relative strength over 90 days: RAI outperformed USDF by 6.3% — measured on the RAI/USDF ratio, so it holds regardless of market direction.

Rai Reflex Index →Falcon USD →