Argus vs Tether

Tether (USDT) is 47283.5× the size of Argus (ARGUS) by market capitalisation. Over the past 30 days, USDT is ahead by 70.4 percentage points (ARGUS -70.5% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.28 across 23 shared trading days). ARGUS has been the more volatile of the two, at 706842% annualised against USDT's 1%.

Correlation: -0.28
Size ratio: 1 : 47283.5
Ahead over 30 days: USDT

ArgusARGUS

$0.004078

24h: -8.72%
Market cap: $3.77M
Volume 24h: $1.28M
Volatility (ann.): 706842%

TetherUSDT

$0.999392

24h: +0.03%
Market cap: $178.27B
Volume 24h: $64.53B
Volatility (ann.): 1%

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

Performance

ARGUSUSDT

7 days-26.39%+0.03%USDT
30 days-70.50%-0.08%USDT

Correlation

-0.28over 23 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	ARGUS	USDT
Max drawdown (400d)	-100.0%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: USDT outperformed ARGUS by 48.6% — measured on the ARGUS/USDT ratio, so it holds regardless of market direction.

Argus →Tether →