Anzens USDA vs Tether

Tether (USDT) is 26309.0× the size of Anzens USDA (USDA) by market capitalisation. Over the past 30 days, USDA is ahead by 0.3 percentage points (USDA +0.2% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.12 across 22 shared trading days). USDA has been the more volatile of the two, at 12% annualised against USDT's 1%.

Correlation: -0.12
Size ratio: 1 : 26309.0
Ahead over 30 days: USDA

Anzens USDAUSDA

$1.0020

24h: -0.05%
Market cap: $6.77M
Volume 24h: $39,805
Volatility (ann.): 12%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

USDAUSDT

7 days-0.50%+0.03%USDT
30 days+0.20%-0.08%USDA

Correlation

-0.12over 22 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	USDA	USDT
Max drawdown (400d)	-1.5%	-0.2%
Risk-adjusted return (90d)	0.02	-0.03

Relative strength over 90 days: USDA outperformed USDT by 0.2% — measured on the USDA/USDT ratio, so it holds regardless of market direction.

Anzens USDA →Tether →