ALTSEASON vs Tether

Tether (USDT) is 63411.2× the size of ALTSEASON (ALTSZN) by market capitalisation. Over the past 30 days, USDT is ahead by 9.7 percentage points (ALTSZN -9.8% against USDT -0.1%). Their daily returns move barely together (correlation 0.32 across 30 shared trading days). ALTSZN has been the more volatile of the two, at 203% annualised against USDT's 1%.

Correlation: 0.32
Size ratio: 1 : 63411.2
Ahead over 30 days: USDT

ALTSEASONALTSZN

$0.002810

24h: +2.23%
Market cap: $2.81M
Volume 24h: $1.88M
Volatility (ann.): 203%

TetherUSDT

$0.998845

24h: +0.01%
Market cap: $178.17B
Volume 24h: $49.77B
Volatility (ann.): 1%

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

Performance

ALTSZNUSDT

7 days-10.19%+0.03%USDT
30 days-9.82%-0.08%USDT

Correlation

0.32over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	ALTSZN	USDT
Max drawdown (400d)	-42.7%	-0.2%
Risk-adjusted return (90d)	-0.15	-0.03

Relative strength over 90 days: USDT outperformed ALTSZN by 29.5% — measured on the ALTSZN/USDT ratio, so it holds regardless of market direction.

ALTSEASON →Tether →