DeFinity vs Tether

Tether (USDT) is 85369.6× the size of DeFinity (DEFX) by market capitalisation. Over the past 30 days, USDT is ahead by 2.3 percentage points (DEFX -2.4% against USDT -0.0%). Their daily returns move barely together (correlation 0.31 across 31 shared trading days). DEFX has been the more volatile of the two, at 144% annualised against USDT's 1%.

Correlation: 0.31
Size ratio: 1 : 85369.6
Ahead over 30 days: USDT

DeFinityDEFX

$0.013584

24h: +3.98%
Market cap: $2.08M
Volume 24h: $684
Volatility (ann.): 144%

TetherUSDT

$0.998963

24h: -0.04%
Market cap: $177.52B
Volume 24h: $61.96B
Volatility (ann.): 1%

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

Performance

DEFXUSDT

7 days+2.96%+0.03%DEFX
30 days-2.38%-0.04%USDT

Correlation

0.31over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3190d: 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	DEFX	USDT
Max drawdown (400d)	-35.3%	-0.2%
Risk-adjusted return (90d)	0.01	0.03

Relative strength over 90 days: DEFX outperformed USDT by 2.0% — measured on the DEFX/USDT ratio, so it holds regardless of market direction.

DeFinity →Tether →