Steakhouse Confidential Prime USDC vs Galaxy USDC Quality (Ethereum)

Steakhouse Confidential Prime USDC (STEAKCUSDC) is 2.6× the size of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) by market capitalisation. Over the past 30 days, ETH:GUSDCQ is ahead by 135.5 percentage points (STEAKCUSDC +1.0% against ETH:GUSDCQ +136.5%). Their daily returns move closely together (correlation 0.78 across 30 shared trading days). ETH:GUSDCQ has been the more volatile of the two, at 466% annualised against STEAKCUSDC's 2%.

Correlation: 0.78
Size ratio: 2.6×
Ahead over 30 days: ETH:GUSDCQ

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0300

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

Galaxy USDC Quality (Ethereum)ETH:GUSDCQ

$1.0220

24h: +0.04%
Market cap: $10.11M
Volume 24h: —
Volatility (ann.): 466%

STEAKCUSDC 72.2%Share of the two combined market caps27.8% ETH:GUSDCQ

Performance

STEAKCUSDCETH:GUSDCQ

7 days+0.19%+135.99%ETH:GUSDCQ
30 days+0.98%+136.45%ETH:GUSDCQ

Correlation

0.78over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7890d: 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	ETH:GUSDCQ
Max drawdown (400d)	-0.2%	-0.3%
Risk-adjusted return (90d)	0.67	0.29

Relative strength over 90 days: ETH:GUSDCQ outperformed STEAKCUSDC by 57.2% — measured on the STEAKCUSDC/ETH:GUSDCQ ratio, so it holds regardless of market direction.

Steakhouse Confidential Prime USDC →Galaxy USDC Quality (Ethereum) →