Data Ownership Protocol 2 vs Tether

Tether (USDT) is 71203.4× the size of Data Ownership Protocol 2 (DOP2) by market capitalisation. Over the past 30 days, DOP2 is ahead by 16.5 percentage points (DOP2 +16.5% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.27 across 29 shared trading days). DOP2 has been the more volatile of the two, at 2379% annualised against USDT's 1%.

Correlation: -0.27
Size ratio: 1 : 71203.4
Ahead over 30 days: DOP2

Data Ownership Protocol 2DOP2

$0.000177

24h: —
Market cap: $2.50M
Volume 24h: $31
Volatility (ann.): 2379%

TetherUSDT

$0.998961

24h: +0.03%
Market cap: $178.19B
Volume 24h: $49.81B
Volatility (ann.): 1%

DOP2 0.0%Share of the two combined market caps100.0% USDT

Performance

DOP2USDT

7 days+11.77%+0.03%DOP2
30 days+16.46%-0.08%DOP2

Correlation

-0.27over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	DOP2	USDT
Max drawdown (400d)	-88.4%	-0.2%
Risk-adjusted return (90d)	0.01	-0.03

Relative strength over 90 days: DOP2 outperformed USDT by 18.3% — measured on the DOP2/USDT ratio, so it holds regardless of market direction.

Data Ownership Protocol 2 →Tether →