ARCS vs Tether

Tether (USDT) is 4587.7× the size of ARCS (ARX) by market capitalisation. Over the past 30 days, USDT is ahead by 0.4 percentage points (ARX -0.5% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.09 across 48 shared trading days). ARX has been the more volatile of the two, at 57% annualised against USDT's 1%.

Correlation: -0.09
Size ratio: 1 : 4587.7
Ahead over 30 days: USDT

ARCSARX

$0.007929

24h: -0.03%
Market cap: $38.85M
Volume 24h: $26,839
Volatility (ann.): 57%

TetherUSDT

$0.999278

24h: +0.02%
Market cap: $178.25B
Volume 24h: $62.50B
Volatility (ann.): 1%

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

Performance

ARXUSDT

7 days+5.49%+0.03%ARX
30 days-0.46%-0.08%USDT

Correlation

-0.09over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	ARX	USDT
Max drawdown (400d)	-20.9%	-0.2%
Risk-adjusted return (90d)	-0.23	-0.03

Relative strength over 90 days: USDT outperformed ARX by 13.0% — measured on the ARX/USDT ratio, so it holds regardless of market direction.

ARCS →Tether →