Concentrator vs Tether

Tether (USDT) is 1974916.0× the size of Concentrator (CTR) by market capitalisation. Over the past 30 days, USDT is ahead by 39.5 percentage points (CTR -39.5% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.18 across 21 shared trading days). CTR has been the more volatile of the two, at 73% annualised against USDT's 1%.

Correlation: -0.18
Size ratio: 1 : 1974916.0
Ahead over 30 days: USDT

ConcentratorCTR

$0.068714

24h: +2.84%
Market cap: $90,276
Volume 24h: $705
Volatility (ann.): 73%

TetherUSDT

$0.999517

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

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

Performance

CTRUSDT

7 days-7.96%+0.03%USDT
30 days-39.53%-0.04%USDT

Correlation

-0.18over 21 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	CTR	USDT
Max drawdown (400d)	-42.2%	-0.2%
Risk-adjusted return (90d)	-0.54	0.03

Relative strength over 90 days: USDT outperformed CTR by 18.9% — measured on the CTR/USDT ratio, so it holds regardless of market direction.

Concentrator →Tether →