USP Yield Optimized Stablecoin vs apyUSD

apyUSD (APYUSD) is 31.7× the size of USP Yield Optimized Stablecoin (USP) by market capitalisation. Over the past 30 days, APYUSD is ahead by 1.9 percentage points (USP +1.8% against APYUSD +3.6%). Their daily returns move barely in opposite directions (correlation -0.18 across 32 shared trading days). APYUSD has been the more volatile of the two, at 14% annualised against USP's 9%.

Correlation: -0.18
Size ratio: 1 : 31.7
Ahead over 30 days: APYUSD

USP Yield Optimized StablecoinUSP

$1.1500

24h: +0.01%
Market cap: $4.82M
Volume 24h: $875
Volatility (ann.): 9%

apyUSDAPYUSD

$1.4200

24h: +0.38%
Market cap: $152.81M
Volume 24h: $1.03M
Volatility (ann.): 14%

USP 3.1%Share of the two combined market caps96.9% APYUSD

Performance

USPAPYUSD

7 days+0.00%+0.71%APYUSD
30 days+1.77%+3.65%APYUSD

Correlation

-0.18over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1890d: 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.

Risk & extremes

Metric	USP	APYUSD
Max drawdown (400d)	-0.9%	-2.8%
Risk-adjusted return (90d)	0.19	0.62

Relative strength over 90 days: APYUSD outperformed USP by 2.5% — measured on the USP/APYUSD ratio, so it holds regardless of market direction.

USP Yield Optimized Stablecoin →apyUSD →