Usual USD vs Dai

Dai (DAI) is 8.3× the size of Usual USD (USD0) by market capitalisation. Over the past 30 days, DAI is ahead by 0.0 percentage points (USD0 -0.0% against DAI +0.0%). Their daily returns move loosely together (correlation 0.36 across 27 shared trading days). USD0 has been the more volatile of the two, at 1% annualised against DAI's 1%.

Correlation: 0.36
Size ratio: 1 : 8.3
Ahead over 30 days: DAI

Usual USDUSD0

$0.998701

24h: +0.00%
Market cap: $540.71M
Volume 24h: $1.94M
Volatility (ann.): 1%

DaiDAI

$1.0000

24h: +0.01%
Market cap: $4.51B
Volume 24h: $126.51M
Volatility (ann.): 1%

USD0 10.7%Share of the two combined market caps89.3% DAI

Performance

USD0DAI

7 days-0.02%+0.03%DAI
30 days-0.05%+0.00%DAI

Correlation

0.36over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	USD0	DAI
Max drawdown (400d)	-0.3%	-0.1%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: DAI outperformed USD0 by 0.1% — measured on the USD0/DAI ratio, so it holds regardless of market direction.

Usual USD →Dai →