VNX Swiss Franc vs crvUSD

crvUSD (CRVUSD) is 31.2× the size of VNX Swiss Franc (VCHF) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 3.9 percentage points (VCHF -4.0% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.20 across 32 shared trading days). VCHF has been the more volatile of the two, at 12% annualised against CRVUSD's 1%.

Correlation: 0.20
Size ratio: 1 : 31.2
Ahead over 30 days: CRVUSD

VNX Swiss FrancVCHF

$1.2200

24h: +0.78%
Market cap: $4.97M
Volume 24h: $75,249
Volatility (ann.): 12%

crvUSDCRVUSD

$0.997734

24h: -0.11%
Market cap: $155.29M
Volume 24h: $39.83M
Volatility (ann.): 1%

VCHF 3.1%Share of the two combined market caps96.9% CRVUSD

Performance

VCHFCRVUSD

7 days+0.00%+0.04%CRVUSD
30 days-4.00%-0.09%CRVUSD

Correlation

0.20over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	VCHF	CRVUSD
Max drawdown (400d)	-4.0%	-0.3%
Risk-adjusted return (90d)	-0.28	0.00

Relative strength over 90 days: CRVUSD outperformed VCHF by 3.2% — measured on the VCHF/CRVUSD ratio, so it holds regardless of market direction.

VNX Swiss Franc →crvUSD →