Blue Chip vs Tether

Tether (USDT) is 6935437.4× the size of Blue Chip (BLUECHIP) by market capitalisation. Over the past 30 days, USDT is ahead by 33.8 percentage points (BLUECHIP -33.9% against USDT -0.1%). Their daily returns move loosely together (correlation 0.40 across 24 shared trading days). BLUECHIP has been the more volatile of the two, at 76% annualised against USDT's 1%.

Correlation: 0.40
Size ratio: 1 : 6935437.4
Ahead over 30 days: USDT

Blue ChipBLUECHIP

$2.563e-5

24h: —
Market cap: $25,602
Volume 24h: $482
Volatility (ann.): 76%

TetherUSDT

$0.998954

24h: -0.04%
Market cap: $177.56B
Volume 24h: $67.70B
Volatility (ann.): 1%

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

Performance

BLUECHIPUSDT

7 days+3.36%+0.07%BLUECHIP
30 days-33.86%-0.09%USDT

Correlation

0.40over 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	BLUECHIP	USDT
Max drawdown (400d)	-38.8%	-0.2%
Risk-adjusted return (90d)	-0.48	-0.05

Relative strength over 90 days: USDT outperformed BLUECHIP by 25.4% — measured on the BLUECHIP/USDT ratio, so it holds regardless of market direction.

Blue Chip →Tether →