Citrea USD vs Tether

Tether (USDT) is 48712.3× the size of Citrea USD (CTUSD) by market capitalisation. Over the past 30 days, CTUSD is ahead by 0.7 percentage points (CTUSD +0.6% against USDT -0.1%). Their daily returns move barely together (correlation 0.13 across 22 shared trading days). CTUSD has been the more volatile of the two, at 10% annualised against USDT's 1%.

Correlation: 0.13
Size ratio: 1 : 48712.3
Ahead over 30 days: CTUSD

Citrea USDCTUSD

$1.0050

24h: +0.21%
Market cap: $3.66M
Volume 24h: $37,319
Volatility (ann.): 10%

TetherUSDT

$0.999278

24h: +0.02%
Market cap: $178.25B
Volume 24h: $62.50B
Volatility (ann.): 1%

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

Performance

CTUSDUSDT

7 days+0.30%+0.03%CTUSD
30 days+0.60%-0.08%CTUSD

Correlation

0.13over 22 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	CTUSD	USDT
Max drawdown (400d)	-1.6%	-0.2%
Risk-adjusted return (90d)	0.06	-0.03

Relative strength over 90 days: CTUSD outperformed USDT by 0.6% — measured on the CTUSD/USDT ratio, so it holds regardless of market direction.

Citrea USD →Tether →