Ansem's minutes vs Tether

Tether (USDT) is 6672218.1× the size of Ansem's minutes (ANSEM) by market capitalisation. Over the past 30 days, USDT is ahead by 15.2 percentage points (ANSEM -15.3% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.30 across 25 shared trading days). ANSEM has been the more volatile of the two, at 39% annualised against USDT's 1%.

Correlation: -0.30
Size ratio: 1 : 6672218.1
Ahead over 30 days: USDT

Ansem's minutesANSEM

$0.273885

24h: —
Market cap: $26,612
Volume 24h: $199
Volatility (ann.): 39%

TetherUSDT

$0.998954

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.70B
Volatility (ann.): 1%

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

Performance

ANSEMUSDT

7 days-8.03%+0.07%USDT
30 days-15.29%-0.09%USDT

Correlation

-0.30over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	ANSEM	USDT
Max drawdown (400d)	-16.9%	-0.2%
Risk-adjusted return (90d)	-0.38	-0.05

Relative strength over 90 days: USDT outperformed ANSEM by 10.7% — measured on the ANSEM/USDT ratio, so it holds regardless of market direction.

Ansem's minutes →Tether →