Diamond vs Tether

Tether (USDT) is 2116482.3× the size of Diamond (DMND) by market capitalisation. Over the past 30 days, USDT is ahead by 73.8 percentage points (DMND -73.8% against USDT -0.0%). Their daily returns move barely together (correlation 0.30 across 27 shared trading days). DMND has been the more volatile of the two, at 400% annualised against USDT's 1%.

Correlation: 0.30
Size ratio: 1 : 2116482.3
Ahead over 30 days: USDT

DiamondDMND

$8.388e-5

24h: +18.40%
Market cap: $83,914
Volume 24h: $1,303
Volatility (ann.): 400%

TetherUSDT

$0.999471

24h: +0.04%
Market cap: $177.60B
Volume 24h: $55.08B
Volatility (ann.): 1%

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

Performance

DMNDUSDT

7 days+2.79%+0.03%DMND
30 days-73.85%-0.04%USDT

Correlation

0.30over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	DMND	USDT
Max drawdown (400d)	-81.0%	-0.2%
Risk-adjusted return (90d)	-0.18	0.03

Relative strength over 90 days: USDT outperformed DMND by 70.9% — measured on the DMND/USDT ratio, so it holds regardless of market direction.

Diamond →Tether →