ZARP Stablecoin vs crvUSD

crvUSD (CRVUSD) is 32.5× the size of ZARP Stablecoin (ZARP) by market capitalisation. Over the past 30 days, CRVUSD is ahead by 4.5 percentage points (ZARP -4.6% against CRVUSD -0.1%). Their daily returns move loosely together (correlation 0.57 across 31 shared trading days). ZARP has been the more volatile of the two, at 29% annualised against CRVUSD's 1%.

Correlation: 0.57
Size ratio: 1 : 32.5
Ahead over 30 days: CRVUSD

ZARP StablecoinZARP

$0.059569

24h: +0.58%
Market cap: $4.72M
Volume 24h: $29,908
Volatility (ann.): 29%

crvUSDCRVUSD

$0.998357

24h: -0.07%
Market cap: $153.63M
Volume 24h: $37.61M
Volatility (ann.): 1%

ZARP 3.0%Share of the two combined market caps97.0% CRVUSD

Performance

ZARPCRVUSD

7 days-1.88%+0.04%CRVUSD
30 days-4.57%-0.09%CRVUSD

Correlation

0.57over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	ZARP	CRVUSD
Max drawdown (400d)	-7.5%	-0.3%
Risk-adjusted return (90d)	-0.14	0.00

Relative strength over 90 days: CRVUSD outperformed ZARP by 4.0% — measured on the ZARP/CRVUSD ratio, so it holds regardless of market direction.

ZARP Stablecoin →crvUSD →