Strata Senior USDat vs Galaxy USDT Quality

Galaxy USDT Quality (ETH:GUSDTQ) is 2.5× the size of Strata Senior USDat (SRUSDAT) by market capitalisation. Over the past 30 days, SRUSDAT is ahead by 0.4 percentage points (SRUSDAT +0.7% against ETH:GUSDTQ +0.3%). Their daily returns move barely in opposite directions (correlation -0.24 across 30 shared trading days). ETH:GUSDTQ has been the more volatile of the two, at 2% annualised against SRUSDAT's 1%.

Correlation: -0.24
Size ratio: 1 : 2.5
Ahead over 30 days: SRUSDAT

Strata Senior USDatSRUSDAT

$1.0400

24h: +0.02%
Market cap: $4.40M
Volume 24h: —
Volatility (ann.): 1%

Galaxy USDT QualityETH:GUSDTQ

$1.0180

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

SRUSDAT 28.8%Share of the two combined market caps71.2% ETH:GUSDTQ

Performance

SRUSDATETH:GUSDTQ

7 days+0.19%+0.10%SRUSDAT
30 days+0.68%+0.30%SRUSDAT

Correlation

-0.24over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	SRUSDAT	ETH:GUSDTQ
Max drawdown (400d)	0.0%	-0.2%
Risk-adjusted return (90d)	0.85	0.17

Relative strength over 90 days: SRUSDAT outperformed ETH:GUSDTQ by 0.4% — measured on the SRUSDAT/ETH:GUSDTQ ratio, so it holds regardless of market direction.

Strata Senior USDat →Galaxy USDT Quality →