USDC vs Sui
USDC (USDC) is 15.8× the size of Sui (SUI) by market capitalisation. Over the past 1 year, USDC is ahead by 61.7 percentage points (USDC +0.1% against SUI -61.6%). Their daily returns move barely in opposite directions (correlation -0.14 across 399 shared trading days). SUI has been the more volatile of the two, at 89% annualised against USDC's 0%.
Performance
| Period | USDC | SUI | Ahead |
|---|---|---|---|
| 7 days | -0.00% | +46.72% | SUI |
| 30 days | +0.01% | +55.69% | SUI |
| 90 days | -0.11% | +74.57% | SUI |
| 1 year | +0.07% | -61.59% | USDC |
Risk & extremes
| Metric | USDC | SUI |
|---|---|---|
| Max drawdown (400d) | -0.3% | -83.2% |
| Risk-adjusted return (90d) | -0.29 | 0.90 |
| Best 30 days (past year) | +0.2% | +55.7% |
| Worst 30 days (past year) | -0.2% | -53.6% |
Relative strength over 90 days: SUI outperformed USDC by 42.8% — measured on the USDC/SUI ratio, so it holds regardless of market direction.
Correlation
-0.14over 399 shared trading days
7d: insufficient data30d: -0.3990d: -0.331y: -0.15
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.