USDS (USDS) is 2.2× the size of Canton (CC) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 31 shared trading days). CC has been the more volatile of the two, at 88% annualised against USDS's 0%.
| Period | USDS | CC | Ahead |
|---|---|---|---|
| 7 days | +0.01% | -11.69% | USDS |
| 30 days | +0.01% | -0.15% | USDS |
| 90 days | -0.07% | — | — |
| Metric | USDS | CC |
|---|---|---|
| Max drawdown (400d) | -0.2% | -23.3% |
| Risk-adjusted return (90d) | -0.19 | 0.00 |
Relative strength over 90 days: USDS outperformed CC by 0.1% — measured on the USDS/CC ratio, so it holds regardless of market direction.
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.