DLP Duck vs Tether

Tether (USDT) is 2780290.2× the size of DLP Duck (DUCK) by market capitalisation. Over the past 30 days, USDT is ahead by 5.9 percentage points (DUCK -5.9% against USDT -0.0%). Their daily returns move barely together (correlation 0.34 across 24 shared trading days). DUCK has been the more volatile of the two, at 35% annualised against USDT's 1%.

Correlation: 0.34
Size ratio: 1 : 2780290.2
Ahead over 30 days: USDT

DLP DuckDUCK

$0.001419

24h: +3.88%
Market cap: $63,871
Volume 24h: $682
Volatility (ann.): 35%

TetherUSDT

$0.999324

24h: +0.01%
Market cap: $177.58B
Volume 24h: $57.97B
Volatility (ann.): 1%

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

Performance

DUCKUSDT

7 days+3.18%+0.03%DUCK
30 days-5.93%-0.04%USDT

Correlation

0.34over 24 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	DUCK	USDT
Max drawdown (400d)	-11.6%	-0.2%
Risk-adjusted return (90d)	-0.18	0.03

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

DLP Duck →Tether →