Sovryn Dollar vs crvUSD

crvUSD (CRVUSD) is 241.2× the size of Sovryn Dollar (DLLR) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 2.5 percentage points (DLLR -2.6% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.07 across 21 shared trading days). DLLR has been the more volatile of the two, at 30% annualised against CRVUSD's 1%.

Correlation: -0.07
Size ratio: 1 : 241.2
Ahead over 30 days: CRVUSD

Sovryn DollarDLLR

$1.0120

24h: +0.82%
Market cap: $643,636
Volume 24h: $754
Volatility (ann.): 30%

crvUSDCRVUSD

$0.999622

24h: +0.07%
Market cap: $155.24M
Volume 24h: $33.59M
Volatility (ann.): 1%

DLLR 0.4%Share of the two combined market caps99.6% CRVUSD

Performance

DLLRCRVUSD

7 days-2.04%+0.04%CRVUSD
30 days-2.60%-0.09%CRVUSD

Correlation

-0.07over 21 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	DLLR	CRVUSD
Max drawdown (400d)	-6.7%	-0.3%
Risk-adjusted return (90d)	-0.09	0.00

Relative strength over 90 days: CRVUSD outperformed DLLR by 1.6% — measured on the DLLR/CRVUSD ratio, so it holds regardless of market direction.

Sovryn Dollar →crvUSD →