Craft Engine vs Tether

Tether (USDT) is 4228282.6× the size of Craft Engine (CRAFT) by market capitalisation. Over the past 30 days, USDT is ahead by 33.0 percentage points (CRAFT -33.1% against USDT -0.0%). Their daily returns move barely together (correlation 0.33 across 24 shared trading days). CRAFT has been the more volatile of the two, at 67% annualised against USDT's 1%.

Correlation: 0.33
Size ratio: 1 : 4228282.6
Ahead over 30 days: USDT

Craft EngineCRAFT

$0.000532

24h: —
Market cap: $41,986
Volume 24h: —
Volatility (ann.): 67%

TetherUSDT

$0.999036

24h: -0.03%
Market cap: $177.53B
Volume 24h: $62.67B
Volatility (ann.): 1%

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

Performance

CRAFTUSDT

7 days-3.39%+0.03%USDT
30 days-33.08%-0.04%USDT

Correlation

0.33over 24 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	CRAFT	USDT
Max drawdown (400d)	-37.6%	-0.2%
Risk-adjusted return (90d)	-0.54	0.03

Relative strength over 90 days: USDT outperformed CRAFT by 9.7% — measured on the CRAFT/USDT ratio, so it holds regardless of market direction.

Craft Engine →Tether →