Tangent USG vs Falcon USD

Falcon USD (USDF) is 475.6× the size of Tangent USG (USG) by market capitalisation. Over the past 30 days, USG is ahead by 0.6 percentage points (USG +0.1% against USDF -0.5%). Their daily returns move barely in opposite directions (correlation -0.01 across 23 shared trading days). USG has been the more volatile of the two, at 9% annualised against USDF's 1%.

Correlation: -0.01
Size ratio: 1 : 475.6
Ahead over 30 days: USG

Tangent USGUSG

$0.994156

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

Falcon USDUSDF

$0.992527

24h: +0.02%
Market cap: $1.83B
Volume 24h: $749,096
Volatility (ann.): 1%

USG 0.2%Share of the two combined market caps99.8% USDF

Performance

USGUSDF

7 days-0.08%-0.30%USG
30 days+0.12%-0.48%USG

Correlation

-0.01over 23 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	USDF
Max drawdown (400d)	-1.9%	-0.6%
Risk-adjusted return (90d)	0.00	-0.39

Relative strength over 90 days: USG outperformed USDF by 0.2% — measured on the USG/USDF ratio, so it holds regardless of market direction.

Tangent USG →Falcon USD →