THORChain Yield vs 3Jane USD3

3Jane USD3 (USD3) is 3.3× the size of THORChain Yield (TCY) by market capitalisation. Over the past 30 days, TCY is ahead by 1.0 percentage points (TCY +1.8% against USD3 +0.8%). Their daily returns move barely together (correlation 0.05 across 43 shared trading days). TCY has been the more volatile of the two, at 130% annualised against USD3's 12%.

Correlation: 0.05
Size ratio: 1 : 3.3
Ahead over 30 days: TCY

THORChain YieldTCY

$0.188349

24h: +11.26%
Market cap: $34.93M
Volume 24h: $213,542
Volatility (ann.): 130%

3Jane USD3USD3

$1.2000

24h: +0.14%
Market cap: $115.87M
Volume 24h: $81,033
Volatility (ann.): 12%

TCY 23.2%Share of the two combined market caps76.8% USD3

Performance

TCYUSD3

7 days-7.32%+0.00%USD3
30 days+1.82%+0.84%TCY

Correlation

0.05over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0290d: 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	TCY	USD3
Max drawdown (400d)	-31.7%	-0.8%
Risk-adjusted return (90d)	0.13	0.22

Relative strength over 90 days: TCY outperformed USD3 by 22.2% — measured on the TCY/USD3 ratio, so it holds regardless of market direction.

THORChain Yield →3Jane USD3 →