Azbit vs Tether

Azbit (AZ) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 16.7 percentage points (AZ -16.7% against USDT -0.0%). Their daily returns move barely together (correlation 0.25 across 23 shared trading days). AZ has been the more volatile of the two, at 83% annualised against USDT's 1%.

Correlation: 0.25
Ahead over 30 days: USDT

AzbitAZ

$7.758e-7

24h: +2.82%
Market cap: —
Volume 24h: $153
Volatility (ann.): 83%

TetherUSDT

$0.999386

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

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

Performance

AZUSDT

7 days+3.64%+0.03%AZ
30 days-16.72%-0.04%USDT

Correlation

0.25over 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	AZ	USDT
Max drawdown (400d)	-31.2%	-0.2%
Risk-adjusted return (90d)	-0.30	0.03

Relative strength over 90 days: USDT outperformed AZ by 11.0% — measured on the AZ/USDT ratio, so it holds regardless of market direction.

Azbit →Tether →