USDS vs WhiteBIT Coin
USDS (USDS) is 1.0× the size of WhiteBIT Coin (WBT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 35 shared trading days). WBT has been the more volatile of the two, at 69% annualised against USDS's 0%.
Performance
| Period | USDS | WBT | Ahead |
|---|---|---|---|
| 7 days | +0.00% | +4.34% | WBT |
| 30 days | +0.00% | +37.90% | WBT |
| 90 days | -0.07% | — | — |
Risk & extremes
| Metric | USDS | WBT |
|---|---|---|
| Max drawdown (400d) | -0.2% | -4.0% |
| Risk-adjusted return (90d) | -0.21 | 0.77 |
Relative strength over 90 days: WBT outperformed USDS by 34.7% — measured on the USDS/WBT ratio, so it holds regardless of market direction.
Correlation
-0.09over 35 shared trading days
7d: insufficient data30d: -0.0090d: insufficient data1y: 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.