Dai (DAI) is 3.0× the size of USDD (USDD) by market capitalisation. Over the past 30 days, DAI is ahead by 0.1 percentage points (USDD -0.1% against DAI +0.0%). Their daily returns move barely together (correlation 0.16 across 28 shared trading days). USDD has been the more volatile of the two, at 2% annualised against DAI's 1%.
USDDDAI
0.16over 28 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 | DAI |
|---|---|---|
| Max drawdown (400d) | -0.4% | -0.1% |
| Risk-adjusted return (90d) | -0.07 | 0.03 |
Relative strength over 90 days: DAI outperformed USDD by 0.1% — measured on the USDD/DAI ratio, so it holds regardless of market direction.