Tether (USDT) is 2202.5× the size of ADI (ADI) by market capitalisation. Over the past 30 days, ADI is ahead by 27.2 percentage points (ADI +27.3% against USDT +0.0%). Their daily returns move barely in opposite directions (correlation -0.29 across 29 shared trading days). ADI has been the more volatile of the two, at 52% annualised against USDT's 0%.
| Period | ADI | USDT | Ahead |
|---|---|---|---|
| 7 days | +2.71% | -0.01% | ADI |
| 30 days | +27.26% | +0.05% | ADI |
| Metric | ADI | USDT |
|---|---|---|
| Max drawdown (400d) | -5.5% | -0.0% |
| Risk-adjusted return (90d) | 0.53 | 0.19 |
Relative strength over 90 days: ADI outperformed USDT by 27.9% — measured on the ADI/USDT ratio, so it holds regardless of market direction.
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.