DASH vs Tether

Tether (USDT) is 2328660.4× the size of DASH (DASH) by market capitalisation. Over the past 30 days, USDT is ahead by 47.2 percentage points (DASH -47.2% against USDT -0.0%). Their daily returns move barely together (correlation 0.02 across 20 shared trading days). DASH has been the more volatile of the two, at 85% annualised against USDT's 1%.

Correlation: 0.02
Size ratio: 1 : 2328660.4
Ahead over 30 days: USDT

DASHDASH

$0.000112

24h: +4.29%
Market cap: $76,558
Volume 24h: $2
Volatility (ann.): 85%

TetherUSDT

$0.999461

24h: +0.05%
Market cap: $178.28B
Volume 24h: $56.82B
Volatility (ann.): 1%

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

Performance

DASHUSDT

7 days-5.98%+0.03%USDT
30 days-47.19%-0.04%USDT

Correlation

0.02over 20 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	DASH	USDT
Max drawdown (400d)	-49.9%	-0.2%
Risk-adjusted return (90d)	-0.56	0.03

Relative strength over 90 days: USDT outperformed DASH by 22.4% — measured on the DASH/USDT ratio, so it holds regardless of market direction.

DASH →Tether →