Aussie Dollar Token vs Tether

Tether (USDT) is 62981.3× the size of Aussie Dollar Token (AUDX) by market capitalisation. Over the past 30 days, USDT is ahead by 1.8 percentage points (AUDX -1.8% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.21 across 23 shared trading days). AUDX has been the more volatile of the two, at 6% annualised against USDT's 1%.

Correlation: -0.21
Size ratio: 1 : 62981.3
Ahead over 30 days: USDT

Aussie Dollar TokenAUDX

$0.698342

24h: -0.29%
Market cap: $2.83M
Volume 24h: $16,350
Volatility (ann.): 6%

TetherUSDT

$0.999386

24h: +0.04%
Market cap: $178.26B
Volume 24h: $63.78B
Volatility (ann.): 1%

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

Performance

AUDXUSDT

7 days+0.19%+0.03%AUDX
30 days-1.81%-0.04%USDT

Correlation

-0.21over 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	AUDX	USDT
Max drawdown (400d)	-2.8%	-0.2%
Risk-adjusted return (90d)	-0.30	0.03

Relative strength over 90 days: USDT outperformed AUDX by 1.6% — measured on the AUDX/USDT ratio, so it holds regardless of market direction.

Aussie Dollar Token →Tether →