Djed vs Tether

Tether (USDT) is 44440.1× the size of Djed (DJED) by market capitalisation. Over the past 30 days, DJED is ahead by 2.5 percentage points (DJED +2.4% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.16 across 21 shared trading days). DJED has been the more volatile of the two, at 15% annualised against USDT's 1%.

Correlation: -0.16
Size ratio: 1 : 44440.1
Ahead over 30 days: DJED

DjedDJED

$0.997764

24h: -0.12%
Market cap: $4.01M
Volume 24h: $5,777
Volatility (ann.): 15%

TetherUSDT

$0.999060

24h: +0.04%
Market cap: $178.21B
Volume 24h: $54.74B
Volatility (ann.): 1%

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

Performance

DJEDUSDT

7 days-0.39%+0.03%USDT
30 days+2.38%-0.08%DJED

Correlation

-0.16over 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	DJED	USDT
Max drawdown (400d)	-2.4%	-0.2%
Risk-adjusted return (90d)	0.16	-0.03

Relative strength over 90 days: DJED outperformed USDT by 1.0% — measured on the DJED/USDT ratio, so it holds regardless of market direction.

Djed →Tether →