Tangent USG vs crvUSD

crvUSD (CRVUSD) is 40.2× the size of Tangent USG (USG) by market capitalisation. Over the past 30 days, USG is ahead by 0.2 percentage points (USG +0.1% against CRVUSD -0.1%). Their daily returns move barely in opposite directions (correlation -0.03 across 22 shared trading days). USG has been the more volatile of the two, at 9% annualised against CRVUSD's 1%.

Correlation: -0.03
Size ratio: 1 : 40.2
Ahead over 30 days: USG

Tangent USGUSG

$0.994156

24h: +0.03%
Market cap: $3.85M
Volume 24h: $27,647
Volatility (ann.): 9%

crvUSDCRVUSD

$0.999813

24h: +0.08%
Market cap: $154.75M
Volume 24h: $34.28M
Volatility (ann.): 1%

USG 2.4%Share of the two combined market caps97.6% CRVUSD

Performance

USGCRVUSD

7 days-0.08%+0.04%CRVUSD
30 days+0.12%-0.09%USG

Correlation

-0.03over 22 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	USG	CRVUSD
Max drawdown (400d)	-1.9%	-0.3%
Risk-adjusted return (90d)	0.00	0.00

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

Tangent USG →crvUSD →