ShMonad vs Frax Staked frxUSD

Frax Staked frxUSD (SFRXUSD) is 6.4× the size of ShMonad (SHMON) by market capitalisation. Over the past 30 days, SFRXUSD is ahead by 30.9 percentage points (SHMON -30.0% against SFRXUSD +0.8%). Their daily returns move closely in opposite directions (correlation -0.68 across 39 shared trading days). SHMON has been the more volatile of the two, at 110% annualised against SFRXUSD's 2%.

Correlation: -0.68
Size ratio: 1 : 6.4
Ahead over 30 days: SFRXUSD

ShMonadSHMON

$0.029036

24h: +0.89%
Market cap: $5.52M
Volume 24h: $1,168
Volatility (ann.): 110%

Frax Staked frxUSDSFRXUSD

$1.2200

24h: +0.04%
Market cap: $35.08M
Volume 24h: $326,673
Volatility (ann.): 2%

SHMON 13.6%Share of the two combined market caps86.4% SFRXUSD

Performance

SHMONSFRXUSD

7 days-17.17%+0.00%SFRXUSD
30 days-30.04%+0.83%SFRXUSD

Correlation

-0.68over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.7590d: 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	SHMON	SFRXUSD
Max drawdown (400d)	-37.3%	0.0%
Risk-adjusted return (90d)	-0.29	0.37

Relative strength over 90 days: SFRXUSD outperformed SHMON by 33.0% — measured on the SHMON/SFRXUSD ratio, so it holds regardless of market direction.

ShMonad →Frax Staked frxUSD →