Tether (USDT) is 3311928.8× the size of Create (CREATE) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.77 across 27 shared trading days). CREATE has been the more volatile of the two, at 234% annualised against USDT's 1%.
CREATEUSDT
-0.77over 27 shared trading days
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.
| Metric | CREATE | USDT |
|---|---|---|
| Max drawdown (400d) | -68.0% | -0.2% |
| Risk-adjusted return (90d) | 0.44 | 0.03 |
Relative strength over 90 days: CREATE outperformed USDT by 238.1% — measured on the CREATE/USDT ratio, so it holds regardless of market direction.