ARSe Digital vs Tether

Tether (USDT) is 2465774.0× the size of ARSe Digital (ARSE) by market capitalisation. Over the past 30 days, USDT is ahead by 3.5 percentage points (ARSE -3.5% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.01 across 22 shared trading days). ARSE has been the more volatile of the two, at 33% annualised against USDT's 1%.

Correlation: -0.01
Size ratio: 1 : 2465774.0
Ahead over 30 days: USDT

ARSe DigitalARSE

$0.000587

24h: -2.34%
Market cap: $72,021
Volume 24h: $587
Volatility (ann.): 33%

TetherUSDT

$0.999367

24h: +0.02%
Market cap: $177.59B
Volume 24h: $56.60B
Volatility (ann.): 1%

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

Performance

ARSEUSDT

7 days-1.39%+0.03%USDT
30 days-3.53%-0.04%USDT

Correlation

-0.01over 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	ARSE	USDT
Max drawdown (400d)	-7.7%	-0.2%
Risk-adjusted return (90d)	-0.11	0.03

Relative strength over 90 days: USDT outperformed ARSE by 2.4% — measured on the ARSE/USDT ratio, so it holds regardless of market direction.

ARSe Digital →Tether →