claudius vs Tether

Tether (USDT) is 36518820.9× the size of claudius (CLAUDIUS) by market capitalisation. Over the past 30 days, USDT is ahead by 33.8 percentage points (CLAUDIUS -33.8% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.17 across 22 shared trading days). CLAUDIUS has been the more volatile of the two, at 46% annualised against USDT's 1%.

Correlation: -0.17
Size ratio: 1 : 36518820.9
Ahead over 30 days: USDT

claudiusCLAUDIUS

$5.140e-6

24h: —
Market cap: $4,882
Volume 24h: —
Volatility (ann.): 46%

TetherUSDT

$0.999461

24h: +0.05%
Market cap: $178.28B
Volume 24h: $56.82B
Volatility (ann.): 1%

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

Performance

CLAUDIUSUSDT

7 days-11.36%+0.03%USDT
30 days-33.84%-0.04%USDT

Correlation

-0.17over 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	CLAUDIUS	USDT
Max drawdown (400d)	-33.8%	-0.2%
Risk-adjusted return (90d)	-0.72	0.03

Relative strength over 90 days: USDT outperformed CLAUDIUS by 24.6% — measured on the CLAUDIUS/USDT ratio, so it holds regardless of market direction.

claudius →Tether →