THORChain Yield vs apyUSD

apyUSD (APYUSD) is 4.4× the size of THORChain Yield (TCY) by market capitalisation. Over the past 30 days, APYUSD is ahead by 1.8 percentage points (TCY +1.8% against APYUSD +3.6%). Their daily returns move barely together (correlation 0.30 across 45 shared trading days). TCY has been the more volatile of the two, at 130% annualised against APYUSD's 14%.

Correlation: 0.30
Size ratio: 1 : 4.4
Ahead over 30 days: APYUSD

THORChain YieldTCY

$0.188349

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

apyUSDAPYUSD

$1.4200

24h: +0.09%
Market cap: $152.45M
Volume 24h: $912,163
Volatility (ann.): 14%

TCY 18.6%Share of the two combined market caps81.4% APYUSD

Performance

TCYAPYUSD

7 days-7.32%+0.71%APYUSD
30 days+1.82%+3.65%APYUSD

Correlation

0.30over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	APYUSD
Max drawdown (400d)	-31.7%	-2.8%
Risk-adjusted return (90d)	0.13	0.62

Relative strength over 90 days: TCY outperformed APYUSD by 11.2% — measured on the TCY/APYUSD ratio, so it holds regardless of market direction.

THORChain Yield →apyUSD →