Sygnum FIUSD Liquidity Fund vs Circle USYC

Circle USYC (USYC) is 46.4× the size of Sygnum FIUSD Liquidity Fund (FIUSD) by market capitalisation. Over the past 30 days, FIUSD is ahead by 0.5 percentage points (FIUSD +0.5% against USYC +0.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 50 shared trading days). USYC has been the more volatile of the two, at 2% annualised against FIUSD's 1%.

Correlation: -0.03
Size ratio: 1 : 46.4
Ahead over 30 days: FIUSD

Sygnum FIUSD Liquidity FundFIUSD

$12,087.47

24h: +0.01%
Market cap: $48.32M
Volume 24h: —
Volatility (ann.): 1%

Circle USYCUSYC

$1.1400

24h: +0.01%
Market cap: $2.24B
Volume 24h: —
Volatility (ann.): 2%

FIUSD 2.1%Share of the two combined market caps97.9% USYC

Performance

FIUSDUSYC

7 days+0.08%+0.00%FIUSD
30 days+0.54%+0.00%FIUSD

Correlation

-0.03over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	FIUSD	USYC
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.35	0.39

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

Sygnum FIUSD Liquidity Fund →Circle USYC →