3place vs Tether

Tether (USDT) is 14150469.2× the size of 3place (3PLACE) by market capitalisation. Over the past 30 days, USDT is ahead by 89.3 percentage points (3PLACE -89.4% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.11 across 24 shared trading days). 3PLACE has been the more volatile of the two, at 370% annualised against USDT's 1%.

Correlation: -0.11
Size ratio: 1 : 14150469.2
Ahead over 30 days: USDT

3place3PLACE

$1.296e-5

24h: +3.98%
Market cap: $12,598
Volume 24h: $140
Volatility (ann.): 370%

TetherUSDT

$0.999439

24h: +0.04%
Market cap: $178.27B
Volume 24h: $57.39B
Volatility (ann.): 1%

3PLACE 0.0%Share of the two combined market caps100.0% USDT

Performance

3PLACEUSDT

7 days-9.01%+0.03%USDT
30 days-89.38%-0.04%USDT

Correlation

-0.11over 24 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	3PLACE	USDT
Max drawdown (400d)	-91.7%	-0.2%
Risk-adjusted return (90d)	-0.25	0.03

Relative strength over 90 days: USDT outperformed 3PLACE by 86.0% — measured on the 3PLACE/USDT ratio, so it holds regardless of market direction.

3place →Tether →