Aster USDF vs Tether

Tether (USDT) is 1573.5× the size of Aster USDF (USDF) by market capitalisation. Over the past 30 days, USDT is ahead by 0.2 percentage points (USDF -0.3% against USDT -0.1%). Their daily returns move closely together (correlation 0.73 across 56 shared trading days). USDF has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: 0.73
Size ratio: 1 : 1573.5
Ahead over 30 days: USDT

Aster USDFUSDF

$0.996371

24h: -0.01%
Market cap: $113.25M
Volume 24h: $32,326
Volatility (ann.): 2%

TetherUSDT

$0.999003

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

USDF 0.1%Share of the two combined market caps99.9% USDT

Performance

USDFUSDT

7 days-0.01%+0.03%USDT
30 days-0.25%-0.08%USDT

Correlation

0.73over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8090d: 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	USDF	USDT
Max drawdown (400d)	-0.8%	-0.2%
Risk-adjusted return (90d)	-0.05	-0.03

Relative strength over 90 days: USDT outperformed USDF by 0.1% — measured on the USDF/USDT ratio, so it holds regardless of market direction.

Aster USDF →Tether →