ast.fun vs Tether

Tether (USDT) is 2405413.8× the size of ast.fun (AST) by market capitalisation. Over the past 30 days, USDT is ahead by 84.2 percentage points (AST -84.2% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.39 across 23 shared trading days). AST has been the more volatile of the two, at 276% annualised against USDT's 1%.

Correlation: -0.39
Size ratio: 1 : 2405413.8
Ahead over 30 days: USDT

ast.funAST

$7.408e-5

24h: -6.73%
Market cap: $74,080
Volume 24h: $901
Volatility (ann.): 276%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

ASTUSDT

7 days-42.84%+0.03%USDT
30 days-84.23%-0.08%USDT

Correlation

-0.39over 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	AST	USDT
Max drawdown (400d)	-88.4%	-0.2%
Risk-adjusted return (90d)	-0.32	-0.03

Relative strength over 90 days: USDT outperformed AST by 70.1% — measured on the AST/USDT ratio, so it holds regardless of market direction.

ast.fun →Tether →