Blox MYRC vs Tether

Tether (USDT) is 136057.5× the size of Blox MYRC (MYRC) by market capitalisation. Over the past 30 days, MYRC is ahead by 0.0 percentage points (MYRC -0.0% against USDT -0.1%). Their daily returns move barely together (correlation 0.06 across 24 shared trading days). MYRC has been the more volatile of the two, at 8% annualised against USDT's 1%.

Correlation: 0.06
Size ratio: 1 : 136057.5
Ahead over 30 days: MYRC

Blox MYRCMYRC

$0.246609

24h: -0.20%
Market cap: $1.31M
Volume 24h: $11,813
Volatility (ann.): 8%

TetherUSDT

$0.999003

24h: +0.03%
Market cap: $178.19B
Volume 24h: $48.44B
Volatility (ann.): 1%

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

Performance

MYRCUSDT

7 days-0.77%+0.03%USDT
30 days-0.03%-0.08%MYRC

Correlation

0.06over 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	MYRC	USDT
Max drawdown (400d)	-1.6%	-0.2%
Risk-adjusted return (90d)	-0.14	-0.03

Relative strength over 90 days: USDT outperformed MYRC by 1.0% — measured on the MYRC/USDT ratio, so it holds regardless of market direction.

Blox MYRC →Tether →