Tether (USDT) is 5898116.0× the size of BuilderScout (SCOUT) by market capitalisation. Their daily returns move closely together (correlation 0.64 across 25 shared trading days). SCOUT has been the more volatile of the two, at 179% annualised against USDT's 1%.
SCOUTUSDT
0.64over 25 shared trading days
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.
| Metric | SCOUT | USDT |
|---|---|---|
| Max drawdown (400d) | -90.9% | -0.2% |
| Risk-adjusted return (90d) | -0.43 | -0.05 |
Relative strength over 90 days: USDT outperformed SCOUT by 1.4% — measured on the SCOUT/USDT ratio, so it holds regardless of market direction.