AMERICA IS BACK vs Tether

Tether (USDT) is 5960974.1× the size of AMERICA IS BACK (AIB) by market capitalisation. Over the past 30 days, USDT is ahead by 25.2 percentage points (AIB -25.3% against USDT -0.0%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). AIB has been the more volatile of the two, at 116% annualised against USDT's 1%.

Correlation: 0.03
Size ratio: 1 : 5960974.1
Ahead over 30 days: USDT

AMERICA IS BACKAIB

$2.985e-5

24h: —
Market cap: $29,780
Volume 24h: $2,170
Volatility (ann.): 116%

TetherUSDT

$0.998974

24h: -0.04%
Market cap: $177.52B
Volume 24h: $66.46B
Volatility (ann.): 1%

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

Performance

AIBUSDT

7 days-5.26%+0.03%USDT
30 days-25.25%-0.04%USDT

Correlation

0.03over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	AIB	USDT
Max drawdown (400d)	-34.5%	-0.2%
Risk-adjusted return (90d)	-0.20	0.03

Relative strength over 90 days: USDT outperformed AIB by 22.1% — measured on the AIB/USDT ratio, so it holds regardless of market direction.

AMERICA IS BACK →Tether →