Compendium vs Tether

Tether (USDT) is 35247515.5× the size of Compendium (CMFI) by market capitalisation. Over the past 30 days, USDT is ahead by 20.7 percentage points (CMFI -20.8% against USDT -0.1%). Their daily returns move loosely together (correlation 0.37 across 23 shared trading days). CMFI has been the more volatile of the two, at 34% annualised against USDT's 1%.

Correlation: 0.37
Size ratio: 1 : 35247515.5
Ahead over 30 days: USDT

CompendiumCMFI

$4.245e-5

24h: -4.45%
Market cap: $5,038
Volume 24h: $21
Volatility (ann.): 34%

TetherUSDT

$0.999015

24h: -0.04%
Market cap: $177.57B
Volume 24h: $69.78B
Volatility (ann.): 1%

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

Performance

CMFIUSDT

7 days-7.19%+0.07%USDT
30 days-20.80%-0.09%USDT

Correlation

0.37over 23 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	CMFI	USDT
Max drawdown (400d)	-20.8%	-0.2%
Risk-adjusted return (90d)	-0.57	-0.05

Relative strength over 90 days: USDT outperformed CMFI by 12.9% — measured on the CMFI/USDT ratio, so it holds regardless of market direction.

Compendium →Tether →