21Million vs Tether

Tether (USDT) is 398920.7× the size of 21Million (21M) by market capitalisation. Over the past 30 days, USDT is ahead by 11.5 percentage points (21M -11.6% against USDT -0.1%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). 21M has been the more volatile of the two, at 38% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 398920.7
Ahead over 30 days: USDT

21Million21M

$0.026628

24h: +0.14%
Market cap: $446,869
Volume 24h: $1,925
Volatility (ann.): 38%

TetherUSDT

$0.999392

24h: +0.02%
Market cap: $178.27B
Volume 24h: $63.63B
Volatility (ann.): 1%

21M 0.0%Share of the two combined market caps100.0% USDT

Performance

21MUSDT

7 days-6.54%+0.03%USDT
30 days-11.55%-0.08%USDT

Correlation

0.03over 23 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	21M	USDT
Max drawdown (400d)	-11.9%	-0.2%
Risk-adjusted return (90d)	-0.30	-0.03

Relative strength over 90 days: USDT outperformed 21M by 5.0% — measured on the 21M/USDT ratio, so it holds regardless of market direction.

21Million →Tether →