crvUSD vs Tether

Tether (USDT) is 1145.5× the size of crvUSD (CRVUSD) by market capitalisation. Over the past 30 days, USDT is ahead by 0.1 percentage points (CRVUSD -0.1% against USDT -0.0%). Their daily returns move loosely together (correlation 0.44 across 57 shared trading days). CRVUSD has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: 0.44
Size ratio: 1 : 1145.5
Ahead over 30 days: USDT

crvUSDCRVUSD

$0.999237

24h: +0.04%
Market cap: $155.63M
Volume 24h: $24.55M
Volatility (ann.): 1%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

CRVUSD 0.1%Share of the two combined market caps99.9% USDT

Performance

CRVUSDUSDT

7 days-0.06%+0.03%USDT
30 days-0.12%-0.04%USDT

Correlation

0.44over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: 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	CRVUSD	USDT
Max drawdown (400d)	-0.3%	-0.2%
Risk-adjusted return (90d)	-0.06	0.03

Relative strength over 90 days: USDT outperformed CRVUSD by 0.1% — measured on the CRVUSD/USDT ratio, so it holds regardless of market direction.

crvUSD →Tether →