Yellow Duckies vs Tether

Tether (USDT) is 2097352.2× the size of Yellow Duckies (DUCKIES) by market capitalisation. Over the past 30 days, USDT is ahead by 12.2 percentage points (DUCKIES -12.3% against USDT -0.0%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). DUCKIES has been the more volatile of the two, at 27% annualised against USDT's 1%.

Correlation: 0.07
Size ratio: 1 : 2097352.2
Ahead over 30 days: USDT

Yellow DuckiesDUCKIES

$0.001814

24h: —
Market cap: $85,006
Volume 24h: —
Volatility (ann.): 27%

TetherUSDT

$0.999517

24h: +0.05%
Market cap: $178.29B
Volume 24h: $56.20B
Volatility (ann.): 1%

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

Performance

DUCKIESUSDT

7 days-0.11%+0.03%USDT
30 days-12.27%-0.04%USDT

Correlation

0.07over 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	DUCKIES	USDT
Max drawdown (400d)	-12.5%	-0.2%
Risk-adjusted return (90d)	-0.47	0.03

Relative strength over 90 days: USDT outperformed DUCKIES by 11.2% — measured on the DUCKIES/USDT ratio, so it holds regardless of market direction.

Yellow Duckies →Tether →