USDC (USDC) is 146.1× the size of YLDS (YLDS) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.50 across 58 shared trading days). Both have run at a similar volatility, around 0% annualised.
YLDSUSDC
-0.50over 58 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 | YLDS | USDC |
|---|---|---|
| Max drawdown (400d) | -0.1% | -0.3% |
| Risk-adjusted return (90d) | 0.04 | 0.05 |
| Best 30 days (past year) | — | +0.2% |
| Worst 30 days (past year) | — | -0.2% |
Relative strength over 90 days: YLDS outperformed USDC by 0.0% — measured on the YLDS/USDC ratio, so it holds regardless of market direction.