CASH vs Tether

Tether (USDT) is 1374.2× the size of CASH (CASH) by market capitalisation. Over the past 30 days, CASH is ahead by 0.0 percentage points (CASH -0.1% against USDT -0.1%). Their daily returns move loosely together (correlation 0.46 across 56 shared trading days). CASH has been the more volatile of the two, at 2% annualised against USDT's 1%.

Correlation: 0.46
Size ratio: 1 : 1374.2
Ahead over 30 days: CASH

CASHCASH

$0.998795

24h: +0.03%
Market cap: $129.67M
Volume 24h: $4.88M
Volatility (ann.): 2%

TetherUSDT

$0.999003

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

CASH 0.1%Share of the two combined market caps99.9% USDT

Performance

CASHUSDT

7 days+0.02%+0.03%USDT
30 days-0.07%-0.08%CASH

Correlation

0.46over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	CASH	USDT
Max drawdown (400d)	-0.6%	-0.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: CASH outperformed USDT by 0.0% — measured on the CASH/USDT ratio, so it holds regardless of market direction.

CASH →Tether →