APE WITH GUN vs Tether

Tether (USDT) is 34991529.7× the size of APE WITH GUN (APEGUN) by market capitalisation. Over the past 30 days, USDT is ahead by 43.7 percentage points (APEGUN -43.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.21 across 24 shared trading days). APEGUN has been the more volatile of the two, at 72% annualised against USDT's 1%.

Correlation: 0.21
Size ratio: 1 : 34991529.7
Ahead over 30 days: USDT

APE WITH GUNAPEGUN

$5.210e-6

24h: +4.01%
Market cap: $5,075
Volume 24h: $1
Volatility (ann.): 72%

TetherUSDT

$0.999324

24h: +0.01%
Market cap: $177.58B
Volume 24h: $57.97B
Volatility (ann.): 1%

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

Performance

APEGUNUSDT

7 days-8.03%+0.03%USDT
30 days-43.78%-0.04%USDT

Correlation

0.21over 24 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	APEGUN	USDT
Max drawdown (400d)	-47.5%	-0.2%
Risk-adjusted return (90d)	-0.60	0.03

Relative strength over 90 days: USDT outperformed APEGUN by 39.4% — measured on the APEGUN/USDT ratio, so it holds regardless of market direction.

APE WITH GUN →Tether →