Frax Staked frxUSD vs Dai

Dai (DAI) is 128.7× the size of Frax Staked frxUSD (SFRXUSD) by market capitalisation. Over the past 30 days, SFRXUSD is ahead by 0.8 percentage points (SFRXUSD +0.8% against DAI +0.0%). Their daily returns move barely in opposite directions (correlation -0.01 across 20 shared trading days). SFRXUSD has been the more volatile of the two, at 2% annualised against DAI's 1%.

Correlation: -0.01
Size ratio: 1 : 128.7
Ahead over 30 days: SFRXUSD

Frax Staked frxUSDSFRXUSD

$1.2200

24h: +0.05%
Market cap: $35.06M
Volume 24h: $222,927
Volatility (ann.): 2%

DaiDAI

$0.999966

24h: +0.02%
Market cap: $4.51B
Volume 24h: $136.36M
Volatility (ann.): 1%

SFRXUSD 0.8%Share of the two combined market caps99.2% DAI

Performance

SFRXUSDDAI

7 days+0.00%+0.03%DAI
30 days+0.83%+0.00%SFRXUSD

Correlation

-0.01over 20 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	SFRXUSD	DAI
Max drawdown (400d)	0.0%	-0.1%
Risk-adjusted return (90d)	0.37	0.03

Relative strength over 90 days: SFRXUSD outperformed DAI by 0.8% — measured on the SFRXUSD/DAI ratio, so it holds regardless of market direction.

Frax Staked frxUSD →Dai →