Steakhouse Confidential Prime USDC vs Galaxy USDT Quality

Steakhouse Confidential Prime USDC (STEAKCUSDC) is 2.4× the size of Galaxy USDT Quality (ETH:GUSDTQ) by market capitalisation. Over the past 30 days, STEAKCUSDC is ahead by 0.7 percentage points (STEAKCUSDC +1.0% against ETH:GUSDTQ +0.3%). Their daily returns move closely together (correlation 0.65 across 29 shared trading days). STEAKCUSDC has been the more volatile of the two, at 2% annualised against ETH:GUSDTQ's 2%.

Correlation: 0.65
Size ratio: 2.4×
Ahead over 30 days: STEAKCUSDC

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0300

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

Galaxy USDT QualityETH:GUSDTQ

$1.0180

24h: +0.02%
Market cap: $10.87M
Volume 24h: —
Volatility (ann.): 2%

STEAKCUSDC 70.7%Share of the two combined market caps29.3% ETH:GUSDTQ

Performance

STEAKCUSDCETH:GUSDTQ

7 days+0.19%+0.10%STEAKCUSDC
30 days+0.98%+0.30%STEAKCUSDC

Correlation

0.65over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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:GUSDTQ
Max drawdown (400d)	-0.2%	-0.2%
Risk-adjusted return (90d)	0.67	0.17

Relative strength over 90 days: STEAKCUSDC outperformed ETH:GUSDTQ by 0.3% — measured on the STEAKCUSDC/ETH:GUSDTQ ratio, so it holds regardless of market direction.

Steakhouse Confidential Prime USDC →Galaxy USDT Quality →