1DEV vs Tether

Tether (USDT) is 984174.5× the size of 1DEV (1DEV) by market capitalisation. Over the past 30 days, USDT is ahead by 30.8 percentage points (1DEV -30.8% against USDT -0.1%). Their daily returns move barely together (correlation 0.03 across 25 shared trading days). 1DEV has been the more volatile of the two, at 179% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 984174.5
Ahead over 30 days: USDT

1DEV1DEV

$0.000195

24h: +0.52%
Market cap: $180,412
Volume 24h: $741
Volatility (ann.): 179%

TetherUSDT

$0.998932

24h: -0.05%
Market cap: $177.56B
Volume 24h: $69.94B
Volatility (ann.): 1%

1DEV 0.0%Share of the two combined market caps100.0% USDT

Performance

1DEVUSDT

7 days-17.99%+0.07%USDT
30 days-30.85%-0.09%USDT

Correlation

0.03over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	1DEV	USDT
Max drawdown (400d)	-49.1%	-0.2%
Risk-adjusted return (90d)	-0.20	-0.05

Relative strength over 90 days: USDT outperformed 1DEV by 20.7% — measured on the 1DEV/USDT ratio, so it holds regardless of market direction.

1DEV →Tether →