Tether (USDT) is 36140200.0× the size of Agent2025 (AGENT2025) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 20 shared trading days). AGENT2025 has been the more volatile of the two, at 113% annualised against USDT's 1%.
AGENT2025USDT
0.72over 20 shared trading days
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.
| Metric | AGENT2025 | USDT |
|---|---|---|
| Max drawdown (400d) | -82.3% | -0.2% |
| Risk-adjusted return (90d) | -0.29 | -0.05 |
Relative strength over 90 days: USDT outperformed AGENT2025 by 0.7% — measured on the AGENT2025/USDT ratio, so it holds regardless of market direction.