Sperax vs USD.AI

USD.AI (CHIP) is 18.8× the size of Sperax (SPA) by market capitalisation. Over the past 90 days, CHIP is ahead by 54.8 percentage points (SPA +9.8% against CHIP +64.7%). Their daily returns move barely together (correlation 0.19 across 110 shared trading days). CHIP has been the more volatile of the two, at 180% annualised against SPA's 79%.

Correlation: 0.19
Size ratio: 1 : 18.8
Ahead over 90 days: CHIP

SperaxSPA

$0.002450

24h: +2.42%
Market cap: $4.69M
Volume 24h: $132,565
Volatility (ann.): 79%

USD.AICHIP

$0.043780

24h: +7.43%
Market cap: $88.13M
Volume 24h: $12.77M
Volatility (ann.): 180%

SPA 5.0%Share of the two combined market caps95.0% CHIP

Performance

SPACHIP

7 days+0.79%-24.61%SPA
30 days+12.41%-16.31%SPA
90 days+9.85%+64.68%CHIP

Correlation

0.19over 110 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 0.171y: 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	SPA	CHIP
Max drawdown (400d)	-26.9%	-80.8%
Risk-adjusted return (90d)	0.12	0.40

Relative strength over 90 days: CHIP outperformed SPA by 9.8% — measured on the SPA/CHIP ratio, so it holds regardless of market direction.

Sperax →USD.AI →