CTC PLUS (CTCP) and Tether (USDT) compared side by side. Over the past 30 days, CTCP is ahead by 14.7 percentage points (CTCP +14.7% against USDT -0.1%). Their daily returns move loosely in opposite directions (correlation -0.41 across 22 shared trading days). CTCP has been the more volatile of the two, at 128% annualised against USDT's 1%.
CTCPUSDT
-0.41over 22 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 | CTCP | USDT |
|---|---|---|
| Max drawdown (400d) | -14.9% | -0.2% |
| Risk-adjusted return (90d) | 0.11 | -0.03 |
Relative strength over 90 days: CTCP outperformed USDT by 13.7% — measured on the CTCP/USDT ratio, so it holds regardless of market direction.