Steakhouse Confidential Prime USDC vs apyUSD

apyUSD (APYUSD) is 5.8× the size of Steakhouse Confidential Prime USDC (STEAKCUSDC) by market capitalisation. Over the past 30 days, APYUSD is ahead by 1.9 percentage points (STEAKCUSDC +1.0% against APYUSD +2.9%). Their daily returns move barely in opposite directions (correlation -0.01 across 46 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against STEAKCUSDC's 2%.

Correlation: -0.01
Size ratio: 1 : 5.8
Ahead over 30 days: APYUSD

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0300

24h: +0.03%
Market cap: $26.26M
Volume 24h: —
Volatility (ann.): 2%

apyUSDAPYUSD

$1.4100

24h: -0.77%
Market cap: $151.70M
Volume 24h: $1.40M
Volatility (ann.): 14%

STEAKCUSDC 14.8%Share of the two combined market caps85.2% APYUSD

Performance

STEAKCUSDCAPYUSD

7 days+0.19%-0.70%STEAKCUSDC
30 days+0.98%+2.92%APYUSD

Correlation

-0.01over 46 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	STEAKCUSDC	APYUSD
Max drawdown (400d)	-0.2%	-2.8%
Risk-adjusted return (90d)	0.67	0.56

Relative strength over 90 days: APYUSD outperformed STEAKCUSDC by 2.9% — measured on the STEAKCUSDC/APYUSD ratio, so it holds regardless of market direction.

Steakhouse Confidential Prime USDC →apyUSD →