Wrapped iTRY vs USDai

USDai (USDAI) is 24.1× the size of Wrapped iTRY (WITRY) by market capitalisation. Over the past 30 days, WITRY is ahead by 1.1 percentage points (WITRY +1.0% against USDAI -0.1%). Their daily returns move barely together (correlation 0.10 across 22 shared trading days). WITRY has been the more volatile of the two, at 4% annualised against USDAI's 1%.

Correlation: 0.10
Size ratio: 1 : 24.1
Ahead over 30 days: WITRY

Wrapped iTRYWITRY

$0.024157

24h: -0.03%
Market cap: $6.52M
Volume 24h: —
Volatility (ann.): 4%

USDaiUSDAI

$0.999122

24h: +0.04%
Market cap: $156.77M
Volume 24h: $731,627
Volatility (ann.): 1%

WITRY 4.0%Share of the two combined market caps96.0% USDAI

Performance

WITRYUSDAI

7 days+0.16%+0.01%WITRY
30 days+0.97%-0.08%WITRY

Correlation

0.10over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WITRY	USDAI
Max drawdown (400d)	-0.8%	-0.2%
Risk-adjusted return (90d)	0.24	-0.02

Relative strength over 90 days: WITRY outperformed USDAI by 1.0% — measured on the WITRY/USDAI ratio, so it holds regardless of market direction.

Wrapped iTRY →USDai →