USDS (USDS) is 65608604.9× the size of USAD (USAD) by market capitalisation. Their daily returns move loosely together (correlation 0.40 across 29 shared trading days). USAD has been the more volatile of the two, at 10% annualised against USDS's 1%.
USADUSDS
0.40over 29 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 | USAD | USDS |
|---|---|---|
| Max drawdown (400d) | -2.0% | -0.4% |
| Risk-adjusted return (90d) | 0.00 | 0.01 |
Relative strength over 90 days: USAD outperformed USDS by 0.0% — measured on the USAD/USDS ratio, so it holds regardless of market direction.