Dai (DAI) is 90.2× the size of USDKG (USDKG) by market capitalisation. Over the past 30 days, USDKG is ahead by 0.6 percentage points (USDKG +0.6% against DAI +0.0%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). USDKG has been the more volatile of the two, at 2% annualised against DAI's 1%.
USDKGDAI
0.03over 23 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 | USDKG | DAI |
|---|---|---|
| Max drawdown (400d) | -0.6% | -0.1% |
| Risk-adjusted return (90d) | 0.05 | 0.03 |
Relative strength over 90 days: DAI outperformed USDKG by 0.0% — measured on the USDKG/DAI ratio, so it holds regardless of market direction.