Asia Coin vs Tether

Tether (USDT) is 68451.8× the size of Asia Coin (ASIA) by market capitalisation. Over the past 30 days, USDT is ahead by 8.9 percentage points (ASIA -9.0% against USDT -0.1%). Their daily returns move closely together (correlation 0.76 across 24 shared trading days). ASIA has been the more volatile of the two, at 89% annualised against USDT's 1%.

Correlation: 0.76
Size ratio: 1 : 68451.8
Ahead over 30 days: USDT

Asia CoinASIA

$0.052062

24h: +0.21%
Market cap: $2.60M
Volume 24h: $64,490
Volatility (ann.): 89%

TetherUSDT

$0.998947

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.71B
Volatility (ann.): 1%

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

Performance

ASIAUSDT

7 days-24.88%+0.03%USDT
30 days-9.02%-0.08%USDT

Correlation

0.76over 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	ASIA	USDT
Max drawdown (400d)	-24.9%	-0.2%
Risk-adjusted return (90d)	-0.07	-0.03

Relative strength over 90 days: USDT outperformed ASIA by 6.5% — measured on the ASIA/USDT ratio, so it holds regardless of market direction.

Asia Coin →Tether →