Aladdin DAO vs Tether

Tether (USDT) is 173013.2× the size of Aladdin DAO (ALD) by market capitalisation. Over the past 30 days, USDT is ahead by 56.5 percentage points (ALD -56.6% against USDT -0.1%). Their daily returns move loosely together (correlation 0.51 across 30 shared trading days). ALD has been the more volatile of the two, at 182% annualised against USDT's 1%.

Correlation: 0.51
Size ratio: 1 : 173013.2
Ahead over 30 days: USDT

Aladdin DAOALD

$0.006874

24h: -0.07%
Market cap: $1.03M
Volume 24h: $60
Volatility (ann.): 182%

TetherUSDT

$0.999009

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.39B
Volatility (ann.): 1%

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

Performance

ALDUSDT

7 days-2.36%+0.03%USDT
30 days-56.62%-0.08%USDT

Correlation

0.51over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	ALD	USDT
Max drawdown (400d)	-60.6%	-0.2%
Risk-adjusted return (90d)	-0.33	-0.03

Relative strength over 90 days: USDT outperformed ALD by 59.8% — measured on the ALD/USDT ratio, so it holds regardless of market direction.

Aladdin DAO →Tether →