Strata Senior USDat vs Steakhouse Confidential Prime USDC

Steakhouse Confidential Prime USDC (STEAKCUSDC) is 6.2× the size of Strata Senior USDat (SRUSDAT) by market capitalisation. Over the past 30 days, STEAKCUSDC is ahead by 0.2 percentage points (SRUSDAT +0.7% against STEAKCUSDC +0.9%). Their daily returns move barely in opposite directions (correlation -0.28 across 29 shared trading days). STEAKCUSDC has been the more volatile of the two, at 2% annualised against SRUSDAT's 1%.

Correlation: -0.28
Size ratio: 1 : 6.2
Ahead over 30 days: STEAKCUSDC

Strata Senior USDatSRUSDAT

$1.0400

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

Steakhouse Confidential Prime USDCSTEAKCUSDC

$1.0290

24h: +0.02%
Market cap: $27.13M
Volume 24h: —
Volatility (ann.): 2%

SRUSDAT 14.0%Share of the two combined market caps86.0% STEAKCUSDC

Performance

SRUSDATSTEAKCUSDC

7 days+0.19%+0.10%SRUSDAT
30 days+0.68%+0.88%STEAKCUSDC

Correlation

-0.28over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2890d: 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	STEAKCUSDC
Max drawdown (400d)	0.0%	-0.2%
Risk-adjusted return (90d)	0.85	0.62

Relative strength over 90 days: SRUSDAT outperformed STEAKCUSDC by 0.1% — measured on the SRUSDAT/STEAKCUSDC ratio, so it holds regardless of market direction.

Strata Senior USDat →Steakhouse Confidential Prime USDC →