Dai (DAI) is 3.9× the size of USDGO (USDGO) by market capitalisation. Over the past 30 days, DAI is ahead by 0.0 percentage points (USDGO -0.0% against DAI +0.0%). Their daily returns move barely together (correlation 0.13 across 27 shared trading days). DAI has been the more volatile of the two, at 1% annualised against USDGO's 0%.
USDGODAI
0.13over 27 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 | USDGO | DAI |
|---|---|---|
| Max drawdown (400d) | -0.1% | -0.1% |
| Risk-adjusted return (90d) | -0.41 | 0.03 |
Relative strength over 90 days: DAI outperformed USDGO by 0.0% — measured on the USDGO/DAI ratio, so it holds regardless of market direction.