USDai vs Re Protocol reUSD

Re Protocol reUSD (REUSD) is 2.4× the size of USDai (USDAI) by market capitalisation. Over the past 30 days, REUSD is ahead by 0.9 percentage points (USDAI -0.0% against REUSD +0.9%). Their daily returns move barely in opposite directions (correlation -0.19 across 59 shared trading days). REUSD has been the more volatile of the two, at 2% annualised against USDAI's 1%.

Correlation: -0.19
Size ratio: 1 : 2.4
Ahead over 30 days: REUSD

USDaiUSDAI

$0.999411

24h: +0.07%
Market cap: $157.64M
Volume 24h: $547,857
Volatility (ann.): 1%

Re Protocol reUSDREUSD

$1.1100

24h: +0.08%
Market cap: $373.40M
Volume 24h: $13.66M
Volatility (ann.): 2%

USDAI 29.7%Share of the two combined market caps70.3% REUSD

Performance

USDAIREUSD

7 days+0.03%+0.00%USDAI
30 days-0.04%+0.91%REUSD

Correlation

-0.19over 59 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	USDAI	REUSD
Max drawdown (400d)	-0.2%	-0.1%
Risk-adjusted return (90d)	0.07	0.53

Relative strength over 90 days: REUSD outperformed USDAI by 1.2% — measured on the USDAI/REUSD ratio, so it holds regardless of market direction.

USDai →Re Protocol reUSD →