Asentum vs Tether

Tether (USDT) is 258367.3× the size of Asentum (ASE) by market capitalisation. Over the past 30 days, USDT is ahead by 15.3 percentage points (ASE -15.3% against USDT -0.0%). Their daily returns move barely together (correlation 0.20 across 29 shared trading days). ASE has been the more volatile of the two, at 297% annualised against USDT's 1%.

Correlation: 0.20
Size ratio: 1 : 258367.3
Ahead over 30 days: USDT

AsentumASE

$0.001197

24h: -4.52%
Market cap: $689,947
Volume 24h: $33,796
Volatility (ann.): 297%

TetherUSDT

$0.999361

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.77B
Volatility (ann.): 1%

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

Performance

ASEUSDT

7 days-10.89%+0.03%USDT
30 days-15.29%-0.04%USDT

Correlation

0.20over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	ASE	USDT
Max drawdown (400d)	-51.6%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

Relative strength over 90 days: ASE outperformed USDT by 1.1% — measured on the ASE/USDT ratio, so it holds regardless of market direction.

Asentum →Tether →