Avant USD vs Tether

Tether (USDT) is 1547.3× the size of Avant USD (AVUSD) by market capitalisation. Over the past 30 days, USDT is ahead by 0.1 percentage points (AVUSD -0.2% against USDT -0.1%). Their daily returns move barely together (correlation 0.22 across 56 shared trading days). AVUSD has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: 0.22
Size ratio: 1 : 1547.3
Ahead over 30 days: USDT

Avant USDAVUSD

$0.998094

24h: +0.09%
Market cap: $115.17M
Volume 24h: $1,040
Volatility (ann.): 2%

TetherUSDT

$0.999031

24h: +0.04%
Market cap: $178.20B
Volume 24h: $49.20B
Volatility (ann.): 1%

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

Performance

AVUSDUSDT

7 days-0.07%+0.03%USDT
30 days-0.20%-0.08%USDT

Correlation

0.22over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	AVUSD	USDT
Max drawdown (400d)	-0.8%	-0.2%
Risk-adjusted return (90d)	-0.17	-0.03

Relative strength over 90 days: USDT outperformed AVUSD by 0.4% — measured on the AVUSD/USDT ratio, so it holds regardless of market direction.

Avant USD →Tether →