USDS vs Gram (prev. Toncoin)

USDS (USDS) is 2.8× the size of Gram (prev. Toncoin) (GRAM) by market capitalisation. Over the past 90 days, USDS is ahead by 21.7 percentage points (USDS -0.1% against GRAM -21.8%). Their daily returns move barely together (correlation 0.11 across 136 shared trading days). GRAM has been the more volatile of the two, at 59% annualised against USDS's 1%.

Correlation: 0.11
Size ratio: 2.8×
Ahead over 90 days: USDS

USDSUSDS

$1.0002

24h: -0.01%
Market cap: $8.50B
Volume 24h: $401.08M
Volatility (ann.): 1%

Gram (prev. Toncoin)GRAM

$1.0510

24h: -1.51%
Market cap: $3.01B
Volume 24h: $64.51M
Volatility (ann.): 59%

USDS 73.9%Share of the two combined market caps26.1% GRAM

Performance

USDSGRAM

7 days-0.14%-2.34%USDS
30 days-0.10%-24.71%USDS
90 days-0.11%-21.83%USDS

Correlation

0.11over 136 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 0.141y: insufficient data

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.

Risk & extremes

Metric	USDS	GRAM
Max drawdown (400d)	-0.4%	-42.8%
Risk-adjusted return (90d)	-0.09	-0.34

Relative strength over 90 days: USDS outperformed GRAM by 27.8% — measured on the USDS/GRAM ratio, so it holds regardless of market direction.

USDS →Gram (prev. Toncoin) →