Cardstack vs Tether

Tether (USDT) is 269925.8× the size of Cardstack (CARD) by market capitalisation. Over the past 30 days, CARD is ahead by 13.3 percentage points (CARD +13.3% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.13 across 25 shared trading days). CARD has been the more volatile of the two, at 137% annualised against USDT's 1%.

Correlation: -0.13
Size ratio: 1 : 269925.8
Ahead over 30 days: CARD

CardstackCARD

$0.000220

24h: +14.22%
Market cap: $660,344
Volume 24h: $28,887
Volatility (ann.): 137%

TetherUSDT

$0.999272

24h: +0.05%
Market cap: $178.24B
Volume 24h: $57.78B
Volatility (ann.): 1%

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

Performance

CARDUSDT

7 days+5.84%+0.03%CARD
30 days+13.27%-0.08%CARD

Correlation

-0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	CARD	USDT
Max drawdown (400d)	-15.3%	-0.2%
Risk-adjusted return (90d)	0.05	-0.03

Relative strength over 90 days: CARD outperformed USDT by 7.6% — measured on the CARD/USDT ratio, so it holds regardless of market direction.

Cardstack →Tether →