Sygnum FIUSD Liquidity Fund vs Invesco Short Duration US Government Securities Fund

Invesco Short Duration US Government Securities Fund (USTB) is 13.1× the size of Sygnum FIUSD Liquidity Fund (FIUSD) by market capitalisation. Over the past 30 days, FIUSD is ahead by 0.0 percentage points (FIUSD +0.5% against USTB +0.5%). Their daily returns move closely together (correlation 0.74 across 50 shared trading days). USTB has been the more volatile of the two, at 1% annualised against FIUSD's 1%.

Correlation: 0.74
Size ratio: 1 : 13.1
Ahead over 30 days: FIUSD

Sygnum FIUSD Liquidity FundFIUSD

$12,087.47

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

Invesco Short Duration US Government Securities FundUSTB

$11.2700

24h: +0.03%
Market cap: $635.39M
Volume 24h: —
Volatility (ann.): 1%

FIUSD 7.1%Share of the two combined market caps92.9% USTB

Performance

FIUSDUSTB

7 days+0.08%+0.09%USTB
30 days+0.54%+0.54%FIUSD

Correlation

0.74over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8390d: 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	USTB
Max drawdown (400d)	0.0%	0.0%
Risk-adjusted return (90d)	1.35	1.15

Relative strength over 90 days: USTB outperformed FIUSD by 0.0% — measured on the FIUSD/USTB ratio, so it holds regardless of market direction.

Sygnum FIUSD Liquidity Fund →Invesco Short Duration US Government Securities Fund →