Tangent USG vs Dai

Dai (DAI) is 1174.9× the size of Tangent USG (USG) by market capitalisation. Over the past 30 days, USG is ahead by 0.1 percentage points (USG +0.1% against DAI +0.0%). Their daily returns move barely together (correlation 0.02 across 34 shared trading days). USG has been the more volatile of the two, at 9% annualised against DAI's 1%.

Correlation: 0.02
Size ratio: 1 : 1174.9
Ahead over 30 days: USG

Tangent USGUSG

$0.994156

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

DaiDAI

$1.0000

24h: +0.01%
Market cap: $4.52B
Volume 24h: $133.29M
Volatility (ann.): 1%

USG 0.1%Share of the two combined market caps99.9% DAI

Performance

USGDAI

7 days-0.08%+0.03%DAI
30 days+0.12%+0.00%USG

Correlation

0.02over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	DAI
Max drawdown (400d)	-1.9%	-0.1%
Risk-adjusted return (90d)	0.00	0.03

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

Tangent USG →Dai →