EURØP vs EUR CoinVertible

EUR CoinVertible (EURCV) is 12.7× the size of EURØP (EUROP) by market capitalisation. Over the past 30 days, EUROP is ahead by 1.7 percentage points (EUROP -1.7% against EURCV -3.4%). Their daily returns move very closely together (correlation 1.00 across 23 shared trading days). EURCV has been the more volatile of the two, at 7% annualised against EUROP's 4%.

Correlation: 1.00
Size ratio: 1 : 12.7
Ahead over 30 days: EUROP

EURØPEUROP

$1.1200

24h: +0.35%
Market cap: $15.44M
Volume 24h: $1.78M
Volatility (ann.): 4%

EUR CoinVertibleEURCV

$1.1300

24h: +0.64%
Market cap: $195.43M
Volume 24h: $34.67M
Volatility (ann.): 7%

EUROP 7.3%Share of the two combined market caps92.7% EURCV

Performance

EUROPEURCV

7 days-0.87%+0.90%EURCV
30 days-1.72%-3.45%EUROP

Correlation

1.00over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	EUROP	EURCV
Max drawdown (400d)	-1.7%	-5.1%
Risk-adjusted return (90d)	-0.41	-0.49

Relative strength over 90 days: EUROP outperformed EURCV by 0.0% — measured on the EUROP/EURCV ratio, so it holds regardless of market direction.

EURØP →EUR CoinVertible →