XSGD vs crvUSD

crvUSD (CRVUSD) is 12.3× the size of XSGD (XSGD) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 1.5 percentage points (XSGD -1.6% against CRVUSD -0.1%). Their daily returns move barely together (correlation 0.06 across 33 shared trading days). XSGD has been the more volatile of the two, at 4% annualised against CRVUSD's 1%.

Correlation: 0.06
Size ratio: 1 : 12.3
Ahead over 30 days: CRVUSD

XSGDXSGD

$0.781191

24h: -0.05%
Market cap: $12.44M
Volume 24h: $645,329
Volatility (ann.): 4%

crvUSDCRVUSD

$0.998580

24h: +0.01%
Market cap: $152.94M
Volume 24h: $30.10M
Volatility (ann.): 1%

XSGD 7.5%Share of the two combined market caps92.5% CRVUSD

Performance

XSGDCRVUSD

7 days-1.02%+0.04%CRVUSD
30 days-1.58%-0.09%CRVUSD

Correlation

0.06over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	XSGD	CRVUSD
Max drawdown (400d)	-2.0%	-0.3%
Risk-adjusted return (90d)	-0.23	0.00

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

XSGD →crvUSD →