Autonomous Secure Dollar vs Tether

Tether (USDT) is 2558712.0× the size of Autonomous Secure Dollar (USSD) by market capitalisation. Over the past 30 days, USSD is ahead by 0.2 percentage points (USSD +0.2% against USDT -0.0%). Their daily returns move loosely together (correlation 0.35 across 24 shared trading days). USSD has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: 0.35
Size ratio: 1 : 2558712.0
Ahead over 30 days: USSD

Autonomous Secure DollarUSSD

$1.0080

24h: +1.40%
Market cap: $69,377
Volume 24h: $36
Volatility (ann.): 2%

TetherUSDT

$0.998963

24h: -0.04%
Market cap: $177.52B
Volume 24h: $61.96B
Volatility (ann.): 1%

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

Performance

USSDUSDT

7 days-0.04%+0.03%USDT
30 days+0.15%-0.04%USSD

Correlation

0.35over 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	USSD	USDT
Max drawdown (400d)	-0.4%	-0.2%
Risk-adjusted return (90d)	0.00	0.03

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

Autonomous Secure Dollar →Tether →