CASHCAT vs Tether
CASHCAT (CASHCAT) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 8.6 percentage points (CASHCAT -8.6% against USDT +0.0%). Their daily returns move barely together (correlation 0.26 across 25 shared trading days). CASHCAT has been the more volatile of the two, at 223% annualised against USDT's 0%.
Performance
| Period | CASHCAT | USDT | Ahead |
|---|---|---|---|
| 7 days | +3.16% | +0.00% | CASHCAT |
| 30 days | -8.56% | +0.01% | USDT |
Risk & extremes
| Metric | CASHCAT | USDT |
|---|---|---|
| Max drawdown (400d) | -47.5% | -0.0% |
| Risk-adjusted return (90d) | 0.01 | 0.22 |
Relative strength over 90 days: USDT outperformed CASHCAT by 5.4% — measured on the CASHCAT/USDT ratio, so it holds regardless of market direction.
Correlation
0.26over 25 shared trading days
7d: insufficient data30d: 0.2690d: 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.