America's Official Launchpad vs Tether

Tether (USDT) is 570442.5× the size of America's Official Launchpad (AOL) by market capitalisation. Over the past 30 days, USDT is ahead by 75.0 percentage points (AOL -75.1% against USDT -0.1%). Their daily returns move barely together (correlation 0.10 across 26 shared trading days). AOL has been the more volatile of the two, at 204% annualised against USDT's 1%.

Correlation: 0.10
Size ratio: 1 : 570442.5
Ahead over 30 days: USDT

America's Official LaunchpadAOL

$0.000314

24h: +0.02%
Market cap: $312,375
Volume 24h: $31,712
Volatility (ann.): 204%

TetherUSDT

$0.998981

24h: +0.03%
Market cap: $178.19B
Volume 24h: $49.86B
Volatility (ann.): 1%

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

Performance

AOLUSDT

7 days-26.55%+0.03%USDT
30 days-75.10%-0.08%USDT

Correlation

0.10over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	AOL	USDT
Max drawdown (400d)	-76.5%	-0.2%
Risk-adjusted return (90d)	-0.32	-0.03

Relative strength over 90 days: USDT outperformed AOL by 65.6% — measured on the AOL/USDT ratio, so it holds regardless of market direction.

America's Official Launchpad →Tether →