Defi.money vs Tether

Tether (USDT) is 17925.3× the size of Defi.money (MONEY) by market capitalisation. Over the past 30 days, MONEY is ahead by 0.1 percentage points (MONEY +0.1% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.09 across 21 shared trading days). MONEY has been the more volatile of the two, at 3% annualised against USDT's 1%.

Correlation: -0.09
Size ratio: 1 : 17925.3
Ahead over 30 days: MONEY

Defi.moneyMONEY

$0.993429

24h: +0.11%
Market cap: $9.94M
Volume 24h: $31
Volatility (ann.): 3%

TetherUSDT

$0.999242

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

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

Performance

MONEYUSDT

7 days-0.14%+0.03%USDT
30 days+0.07%-0.08%MONEY

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	MONEY	USDT
Max drawdown (400d)	-0.5%	-0.2%
Risk-adjusted return (90d)	0.02	-0.03

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

Defi.money →Tether →