WhiteBIT Coin (WBT) is 1.0× the size of USDS (USDS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 31 shared trading days). WBT has been the more volatile of the two, at 72% annualised against USDS's 0%.
| Period | WBT | USDS | Ahead |
|---|---|---|---|
| 7 days | -2.10% | +0.01% | USDS |
| 30 days | +45.54% | +0.01% | WBT |
| 90 days | — | -0.07% | — |
| Metric | WBT | USDS |
|---|---|---|
| Max drawdown (400d) | -4.0% | -0.2% |
| Risk-adjusted return (90d) | 0.64 | -0.19 |
Relative strength over 90 days: WBT outperformed USDS by 45.7% — measured on the WBT/USDS ratio, so it holds regardless of market direction.
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.