Cedar vs Tether

Tether (USDT) is 72693.1× the size of Cedar (CDR) by market capitalisation. Over the past 30 days, CDR is ahead by 91.9 percentage points (CDR +91.8% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.38 across 28 shared trading days). CDR has been the more volatile of the two, at 254% annualised against USDT's 1%.

Correlation: -0.38
Size ratio: 1 : 72693.1
Ahead over 30 days: CDR

CedarCDR

$0.002956

24h: +1.64%
Market cap: $2.45M
Volume 24h: $1,840
Volatility (ann.): 254%

TetherUSDT

$0.998961

24h: +0.03%
Market cap: $178.19B
Volume 24h: $49.81B
Volatility (ann.): 1%

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

Performance

CDRUSDT

7 days-5.98%+0.03%USDT
30 days+91.84%-0.08%CDR

Correlation

-0.38over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	CDR	USDT
Max drawdown (400d)	-11.1%	-0.2%
Risk-adjusted return (90d)	0.36	-0.03

Relative strength over 90 days: CDR outperformed USDT by 90.7% — measured on the CDR/USDT ratio, so it holds regardless of market direction.

Cedar →Tether →