Cope vs Tether

Tether (USDT) is 4767011.7× the size of Cope (COPE) by market capitalisation. Over the past 30 days, USDT is ahead by 3.6 percentage points (COPE -3.7% against USDT -0.1%). Their daily returns move barely together (correlation 0.31 across 25 shared trading days). COPE has been the more volatile of the two, at 8% annualised against USDT's 1%.

Correlation: 0.31
Size ratio: 1 : 4767011.7
Ahead over 30 days: USDT

CopeCOPE

$0.001924

24h: -1.10%
Market cap: $37,247
Volume 24h: $57
Volatility (ann.): 8%

TetherUSDT

$0.998932

24h: -0.05%
Market cap: $177.56B
Volume 24h: $69.94B
Volatility (ann.): 1%

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

Performance

COPEUSDT

7 days-0.72%+0.07%USDT
30 days-3.68%-0.09%USDT

Correlation

0.31over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	COPE	USDT
Max drawdown (400d)	-4.2%	-0.2%
Risk-adjusted return (90d)	-0.43	-0.05

Relative strength over 90 days: USDT outperformed COPE by 3.8% — measured on the COPE/USDT ratio, so it holds regardless of market direction.

Cope →Tether →