baton vs Tether

Tether (USDT) is 47476.7× the size of baton (BATON) by market capitalisation. Over the past 30 days, USDT is ahead by 57.3 percentage points (BATON -57.4% against USDT -0.1%). Their daily returns move barely together (correlation 0.33 across 23 shared trading days). BATON has been the more volatile of the two, at 731% annualised against USDT's 1%.

Correlation: 0.33
Size ratio: 1 : 47476.7
Ahead over 30 days: USDT

batonBATON

$0.003758

24h: +20.18%
Market cap: $3.75M
Volume 24h: $1.81M
Volatility (ann.): 731%

TetherUSDT

$0.998826

24h: +0.01%
Market cap: $178.16B
Volume 24h: $49.54B
Volatility (ann.): 1%

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

Performance

BATONUSDT

7 days-27.38%+0.03%USDT
30 days-57.36%-0.08%USDT

Correlation

0.33over 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	BATON	USDT
Max drawdown (400d)	-82.7%	-0.2%
Risk-adjusted return (90d)	0.07	-0.03

Relative strength over 90 days: USDT outperformed BATON by 71.1% — measured on the BATON/USDT ratio, so it holds regardless of market direction.

baton →Tether →