USDS (USDS) is 46568.8× the size of Telcoin MXN (EMXN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.01 across 27 shared trading days). EMXN has been the more volatile of the two, at 10% annualised against USDS's 1%.
EMXNUSDS
-0.01over 27 shared trading days
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.
| Metric | EMXN | USDS |
|---|---|---|
| Max drawdown (400d) | -5.8% | -0.4% |
| Risk-adjusted return (90d) | -0.39 | 0.00 |
Relative strength over 90 days: USDS outperformed EMXN by 4.0% — measured on the EMXN/USDS ratio, so it holds regardless of market direction.