Tether (USDT) is 111.1× the size of Akedo (AKE) by market capitalisation. Over the past 30 days, AKE is ahead by 139.4 percentage points (AKE +139.4% against USDT +0.0%). Their daily returns move barely in opposite directions (correlation -0.25 across 31 shared trading days). AKE has been the more volatile of the two, at 502% annualised against USDT's 0%.
| Period | AKE | USDT | Ahead |
|---|---|---|---|
| 7 days | +48.53% | -0.01% | AKE |
| 30 days | +139.40% | +0.05% | AKE |
| Metric | AKE | USDT |
|---|---|---|
| Max drawdown (400d) | -30.3% | -0.0% |
| Risk-adjusted return (90d) | 0.28 | 0.19 |
Relative strength over 90 days: AKE outperformed USDT by 139.3% — measured on the AKE/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.