USDD (USDD) is 9.6× the size of crvUSD (CRVUSD) by market capitalisation. Over the past 30 days, USDD is ahead by 0.0 percentage points (USDD -0.1% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.14 across 57 shared trading days). USDD has been the more volatile of the two, at 2% annualised against CRVUSD's 1%.
USDDCRVUSD
0.14over 57 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 | USDD | CRVUSD |
|---|---|---|
| Max drawdown (400d) | -0.4% | -0.3% |
| Risk-adjusted return (90d) | -0.07 | -0.06 |
Relative strength over 90 days: CRVUSD outperformed USDD by 0.1% — measured on the USDD/CRVUSD ratio, so it holds regardless of market direction.