DOLA vs Tether

Tether (USDT) is 2519.2× the size of DOLA (DOLA) by market capitalisation. Over the past 30 days, DOLA is ahead by 0.0 percentage points (DOLA -0.0% against USDT -0.1%). Their daily returns move closely together (correlation 0.60 across 52 shared trading days). DOLA has been the more volatile of the two, at 1% annualised against USDT's 1%.

Correlation: 0.60
Size ratio: 1 : 2519.2
Ahead over 30 days: DOLA

DOLADOLA

$0.996870

24h: +0.01%
Market cap: $70.76M
Volume 24h: $2.91M
Volatility (ann.): 1%

TetherUSDT

$0.999310

24h: +0.03%
Market cap: $178.25B
Volume 24h: $61.27B
Volatility (ann.): 1%

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

Performance

DOLAUSDT

7 days+0.00%+0.03%USDT
30 days-0.04%-0.08%DOLA

Correlation

0.60over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	DOLA	USDT
Max drawdown (400d)	-0.2%	-0.2%
Risk-adjusted return (90d)	-0.07	-0.03

Relative strength over 90 days: USDT outperformed DOLA by 0.0% — measured on the DOLA/USDT ratio, so it holds regardless of market direction.

DOLA →Tether →