USDS (USDS) is 17.7× the size of Usual USD (USD0) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 58 shared trading days). USD0 has been the more volatile of the two, at 1% annualised against USDS's 1%.
USD0USDS
0.04over 58 shared trading days
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.
| Metric | USD0 | USDS |
|---|---|---|
| Max drawdown (400d) | -0.3% | -0.4% |
| Risk-adjusted return (90d) | 0.00 | 0.01 |
Relative strength over 90 days: USD0 outperformed USDS by 0.0% — measured on the USD0/USDS ratio, so it holds regardless of market direction.