Dexlab [Old] vs Tether

Dexlab [Old] (DXL) and Tether (USDT) compared side by side. Over the past 30 days, USDT is ahead by 6.6 percentage points (DXL -6.6% against USDT -0.0%). Their daily returns move loosely together (correlation 0.42 across 20 shared trading days). DXL has been the more volatile of the two, at 12% annualised against USDT's 1%.

Correlation: 0.42
Ahead over 30 days: USDT

Dexlab [Old]DXL

$0.000228

24h: +0.79%
Market cap: —
Volume 24h: $20
Volatility (ann.): 12%

TetherUSDT

$0.998974

24h: -0.04%
Market cap: $177.52B
Volume 24h: $66.46B
Volatility (ann.): 1%

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

Performance

DXLUSDT

7 days-2.52%+0.03%USDT
30 days-6.60%-0.04%USDT

Correlation

0.42over 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	DXL	USDT
Max drawdown (400d)	-8.5%	-0.2%
Risk-adjusted return (90d)	-0.55	0.03

Relative strength over 90 days: USDT outperformed DXL by 5.1% — measured on the DXL/USDT ratio, so it holds regardless of market direction.

Dexlab [Old] →Tether →