US Nerite Dollar vs apyUSD

apyUSD (APYUSD) is 5370.9× the size of US Nerite Dollar (USND) by market capitalisation. Over the past 30 days, APYUSD is ahead by 2.4 percentage points (USND +0.5% against APYUSD +2.9%). Their daily returns move barely together (correlation 0.03 across 24 shared trading days). USND has been the more volatile of the two, at 57% annualised against APYUSD's 14%.

Correlation: 0.03
Size ratio: 1 : 5370.9
Ahead over 30 days: APYUSD

US Nerite DollarUSND

$1.0060

24h: +0.89%
Market cap: $27,711
Volume 24h: $148
Volatility (ann.): 57%

apyUSDAPYUSD

$1.4100

24h: -0.11%
Market cap: $148.83M
Volume 24h: $1.79M
Volatility (ann.): 14%

USND 0.0%Share of the two combined market caps100.0% APYUSD

Performance

USNDAPYUSD

7 days+0.78%+0.00%USND
30 days+0.51%+2.92%APYUSD

Correlation

0.03over 24 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	USND	APYUSD
Max drawdown (400d)	-11.9%	-2.8%
Risk-adjusted return (90d)	0.00	0.56

Relative strength over 90 days: APYUSD outperformed USND by 4.7% — measured on the USND/APYUSD ratio, so it holds regardless of market direction.

US Nerite Dollar →apyUSD →