DarkRoute vs Tether

Tether (USDT) is 20924598.6× the size of DarkRoute (DARK) by market capitalisation. Over the past 30 days, USDT is ahead by 78.1 percentage points (DARK -78.2% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.09 across 21 shared trading days). DARK has been the more volatile of the two, at 172% annualised against USDT's 1%.

Correlation: -0.09
Size ratio: 1 : 20924598.6
Ahead over 30 days: USDT

DarkRouteDARK

$9.040e-6

24h: +0.02%
Market cap: $8,518
Volume 24h: $137
Volatility (ann.): 172%

TetherUSDT

$0.999242

24h: +0.03%
Market cap: $178.24B
Volume 24h: $59.77B
Volatility (ann.): 1%

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

Performance

DARKUSDT

7 days-25.53%+0.03%USDT
30 days-78.20%-0.08%USDT

Correlation

-0.09over 21 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	DARK	USDT
Max drawdown (400d)	-79.7%	-0.2%
Risk-adjusted return (90d)	-0.45	-0.03

Relative strength over 90 days: USDT outperformed DARK by 51.9% — measured on the DARK/USDT ratio, so it holds regardless of market direction.

DarkRoute →Tether →