Circuit LLM vs Tether

Tether (USDT) is 10613022.1× the size of Circuit LLM (CIRC) by market capitalisation. Over the past 30 days, CIRC is ahead by 54.5 percentage points (CIRC +54.5% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.01 across 24 shared trading days). CIRC has been the more volatile of the two, at 880% annualised against USDT's 1%.

Correlation: -0.01
Size ratio: 1 : 10613022.1
Ahead over 30 days: CIRC

Circuit LLMCIRC

$1.697e-5

24h: +4.59%
Market cap: $16,799
Volume 24h: $238
Volatility (ann.): 880%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

CIRCUSDT

7 days-13.51%+0.03%USDT
30 days+54.51%-0.04%CIRC

Correlation

-0.01over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CIRC	USDT
Max drawdown (400d)	-77.0%	-0.2%
Risk-adjusted return (90d)	0.07	0.03

Relative strength over 90 days: CIRC outperformed USDT by 35.1% — measured on the CIRC/USDT ratio, so it holds regardless of market direction.

Circuit LLM →Tether →