USDS (USDS) is 6353.2× the size of Web 3 Dollar (USD3) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.20 across 25 shared trading days). USD3 has been the more volatile of the two, at 342% annualised against USDS's 1%.
USD3USDS
-0.20over 25 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 | USD3 | USDS |
|---|---|---|
| Max drawdown (400d) | -100.0% | -0.4% |
| Risk-adjusted return (90d) | -0.29 | 0.00 |
Relative strength over 90 days: USDS outperformed USD3 by 100.0% — measured on the USD3/USDS ratio, so it holds regardless of market direction.