Xend Finance vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 6919.4× the size of Xend Finance (RWA) by market capitalisation. Over the past 30 days, EURSAFO is ahead by 12.1 percentage points (RWA -14.7% against EURSAFO -2.6%). Their daily returns move barely in opposite directions (correlation -0.23 across 24 shared trading days). RWA has been the more volatile of the two, at 34% annualised against EURSAFO's 9%.

Correlation: -0.23
Size ratio: 1 : 6919.4
Ahead over 30 days: EURSAFO

Xend FinanceRWA

$0.001356

24h: -1.88%
Market cap: $271,212
Volume 24h: $9,260
Volatility (ann.): 34%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: +0.06%
Market cap: $1.88B
Volume 24h: —
Volatility (ann.): 9%

RWA 0.0%Share of the two combined market caps100.0% EURSAFO

Performance

RWAEURSAFO

7 days-2.34%+0.88%EURSAFO
30 days-14.68%-2.56%EURSAFO

Correlation

-0.23over 24 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	RWA	EURSAFO
Max drawdown (400d)	-15.2%	-4.2%
Risk-adjusted return (90d)	-0.38	-0.27

Relative strength over 90 days: EURSAFO outperformed RWA by 9.5% — measured on the RWA/EURSAFO ratio, so it holds regardless of market direction.

Xend Finance →Spiko Amundi Overnight Swap Fund (EUR) →